Common use of MISSING PAYMENTS Clause in Contracts

MISSING PAYMENTS. 7.1 Missing payments could have severe consequences and make obtaining credit more difficult in the future. We may report any missed payments to a credit reference agency. 7.2 We may also take legal action against you if you do not make payments when they are due. If that action is successful, we may apply to enforce that judgment in a number of ways including getting a charging order against your home or an inhibition if your home is in Scotland. This means that, if your house is sold, the amount you owe us can be paid out of the proceeds of sale.

Appears in 6 contracts

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

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