Common use of Allocation of repayments Clause in Contracts

Allocation of repayments. (a) Where your Minimum Repayment or any other repayment is not sufficient to pay off the whole of the Balance Outstanding, any repayment will be applied to older balances first, and balances at higher rates of interest before balances at lower rates of interest.

Appears in 4 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

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