Missed Payments. In the event the Lessee should fail to make or cause to be made any of the Rental Payments required under the foregoing provisions of this Section, the item or installment not so paid shall continue as an obligation of the Lessee until the amount not so paid has been paid in full, together with interest thereon from the date due, subject to applicable notice and cure period, at the applicable interest rate stated in this Agreement where so provided, or if not so provided, at twelve percent (12%) per annum.
Missed Payments. You agree that in the event of missed payments on a loan Blackfinch will take the administrative steps set out below on your behalf. In certain circumstances, we may act outside and/or ahead of the following process to pursue missed payments or loans (whether or not in formal default) where we consider this to be in the best interests of lenders. We may recover our reasonable costs from any amount recovered. If the borrower misses a payment or only partially pays, the amount due to you and the other lenders, we ourselves or through an agent acting on our behalf will contact the borrower to inform them that we will reattempt to collect the outstanding payment in respect of that loan the working day after the payment was due. If our reattempts to collect the funds fails three working days after the payment was due, the borrower’s account will be treated as an overdue account and we will continue to attempt to collect the funds. We may refer the missed payment to a debt collections agency (the “Collections Agency”), who will attempt to collect the money on your and any other lenders’ behalf and you authorise us to use the Collections Agency on your behalf. Any fee that the Collections Agency charges for this initial debt chasing will be added to the loan amounts that they are seeking to collect and will not reduce the amount available for distribution to lenders. If the borrower misses, fails to pay or only partially pays three or more consecutive monthly instalments or four out of six consecutive monthly instalments, or if the borrower is otherwise in breach of any conditions of the loan agreement, the loan may be placed into default and the Collections Agency may engage field agents to attempt to collect the total loan amount outstanding. The Collections Agency will deduct up to 40% of the amount it recovers from the borrower and the remaining proceeds will be distributed to lenders; where possible this fee will be added on to the loan amount outstanding so as not to reduce the amount lenders receive. If the Collections Agency is still unable to collect the debt, we will notify you that all of the outstanding loan parts will be novated to our Security Trustee. We need to novate the debt to our Security Trustee so that there is only one claimant in any legal claim against the borrower, and in order to litigate against the borrower. You will have 14 days to opt out of this novation if you decide to pursue the borrower yourself. We will then investigate the am...
Missed Payments. If you miss your minimum payment we’ll add a late payment fee to your account. You can miss your minimum payment by not making a payment, by only paying part of your minimum payment or by making your payment late (after the payment due date). If you miss a payment, the following will also apply to your account: • You might not be eligible for offers or promotions. • We may take the payment from any other Barclays accounts you have. • Your records with credit reference agencies might be affected, meaning it may be harder or more expensive for you to borrow in the future. If you miss two payments in a row, we’ll cancel any instalment plans on your account and move any remaining instalment plan balance to your standard balance and charge interest at your standard rate. If you’ve missed a payment, your next statement will ask for the overdue amount as well as your next minimum payment. We may move overdue amounts from previous statements to the new balance on your next statement to help you manage your account. These amounts will no longer be overdue and won’t show as overdue amounts on your statement. When you do make a payment, we’ll use this to pay off overdue payments first. If you’re having difficulty making payments, or if you think you’re likely to struggle making payments in the future, please get in touch with us as soon as you can. Missing payments could lead to legal action or insolvency proceedings such as bankruptcy (although we rarely need to take these actions). We may also sell your debt on to another organisation. If you have other accounts with Barclays, we may use money in those accounts to pay us. If we owe you money, we may offset that amount against (use it to reduce) balances owed to us across this and other accounts.
Missed Payments. If payments are not made by the due dates, you will be excluded from attendance and have their enrolment suspended for the lesser of one week or until the missed instalment payment is made. If the missed instalment payment has not been made at the end of the one-week suspension you will have their enrolment cancelled.
Missed Payments. If you miss your minimum payment we’ll add a late payment fee to your account. You can miss your minimum payment by not making a payment, by only paying part of your minimum payment or by making your payment late (after the payment due date). If you miss a payment, the following will also apply to your account. • You’ll lose any promotional rates. • You may not be eligible for offers or promotions. • We may take the payment from any other Barclays accounts you have. • Your records with credit-reference agencies may be affected, meaning it may be harder or more expensive for you to borrow in the future. If you’ve missed a payment, your next statement will ask for the overdue amount as well as your next minimum payment. This will apply unless we do not require payment of the overdue amount at that time. If you’re having difficulty making payments, or if you think you’re likely to struggle making payments in the future, please get in touch with us as soon as you can. Missing payments could lead to legal action or insolvency proceedings – such as bankruptcy (although we rarely need to take these actions). We may also sell your debt on to another organisation. If you have other accounts with Barclays, we may use money in those accounts to pay us. If we offer you a payment holiday you will not need to make any minimum payments during that period, but you will still be charged interest on your account.
Missed Payments. If you miss a payment If you fail to make the minimum payment in full on its due date, you’ll have to pay the missed payment fee of £12.00 each time you fail to make the minimum payment. We will record the details with a credit reference agency which may negatively impact your credit score and may make it more difficult or more expensive for you to borrow in future. We may use funds in other accounts you have with us to reduce or repay the amount of the missed payment or any other outstanding balances. This is called a right of set-off. If we’re unable to resolve the matter, we may give you a default notice explaining the situation and giving you at least 14 days to try and correct it. If you don’t make the payment within the time we give you, we can ask you to pay back the whole balance, all interest, fees and other sums payable under this agreement immediately, or we might sell your debt, and the buyer may follow similar processes. We could take legal action against you to secure repayment and the court could order you to pay the debt directly from your wages and you might have to pay our legal costs as well. Alternatively, the debt and our costs may be secured against any property that you own. If you have difficulties making payments, please contact us on 000 0000 0000.
Missed Payments. If you do not make your monthly payment in full by the payment due date you will be charged additional arrears interest on any unpaid amounts and will also incur charges as outlined in the Interest and Charges sections of this agreement. If we get a judgment against you requiring you to pay us the amount you owe under this agreement, you may have to pay us the amount of the judgment plus any further interest which is charged to your account after the date of the judgment. This means that even if you pay off the full amount of the judgment you may still have a further sum to pay. Missing payments could have severe consequences on your credit rating, which might make it harder to get credit in the future. If you miss a number of payments, or do not make your monthly payments in full, we may end this loan agreement and you will have to repay the total amount you owe us early. We may take legal action against you if your payments are not made. If that action is successful, we may apply to enforce any judgment in a number of ways including getting a charging order against your home or an inhibition if your home is in Scotland.
Missed Payments. 7.1. If you miss a Bill payment, please contact us at 000 0000 0000 as soon as possible so that we can work with you to understand your options.
7.2. If you are late making a Bill payment by more than 30 days from the due date you will incur a late payment fee of £25 (plus VAT) and in addition you shall pay accrued interest on all overdue Bills at a daily rate of 4% over the Bank of England’s base rate commencing from the date the Bill payment was due.
7.3. If you miss a Bill payment and do not notify us before the payment has been missed you, we reserve the right to revert the supply accounts for the Utilities into your name and/or to proceed with debt collection measures.
Missed Payments. If a Scheduled Payment is not made (for example, due to insufficient funds in your Nominated Account):
1. we will levy a Missed Payment Fee; and
2. If the missed payment is not paid by you by way of an Additional Payment, we will attempt to direct debit the missed Scheduled Payment when we direct debit the following Scheduled Payment (plus the Missed Payment Fee).
1. The missed payment of $1,000;
2. The Missed Payment Fee of $30; and
3. Your current Scheduled Payment of $1,000. If there are two consecutive missed Scheduled Payments, and you do not bring your Account into good standing prior to your next Scheduled Payment date, we will not attempt to run any further direct debits. It is up to you to then bring your Account back into good standing. If you do so, we may, at our discretion, allow you to resume Scheduled Payments via direct debit (without waiving any of our rights under this Agreement).
Missed Payments. If funds are not available when payment is to be withdrawn, You will receive written notification of the bank returned item and a request to pay the amount. After two (2) such dishonored payments, you will be removed from the Plan and at that time we will request full payment of your total outstanding utility bill plus any penalties.
