How we use your repayments. Unless we agree otherwise, we can use any repayment we receive under this agreement to reduce the balance owing on your account in any order we choose. If the law requires us to apply the repayment in a particular way, then we will do so. If we have to use a repayment to reduce the balance owing on a fixed loan, and we do this on a date other than the normal interest payment date, break costs may apply.
How we use your repayments. 5.5.1 We will not take any repayment off the balance of your Account until cleared funds reach the Account.