Common use of OTHER FEES OR CHARGES Clause in Contracts

OTHER FEES OR CHARGES. There are no other fees or charges for entering into this Agreement. If you miss a repayment or fail to comply with the terms of the Agreement, the default charges set out below and in our terms and conditions may apply. LATE PAYMENT FEE We will charge you £15 for each late or missed payment. We will add these charges to the outstanding Loan Amount but we will not charge interest on this fee. Interest on the outstanding Total Amount Payable will continue to accrue daily at the Interest Rate of <INTEREST RATE (PER ANNUM)>%. MISSED PAYMENTS Missing payments could have severe consequences, including the possibility of legal proceedings being brought against you, and may result in Credit Reference Agencies being notified, which could make obtaining credit more difficult. We may terminate the Agreement, and you may also have to pay the unpaid balance of the Total Amount Payable early. If we take legal proceedings against you, we may apply to enforce any judgment that is made in a number of ways, including getting a charging order against your home. This could lead to your home being repossessed and sold.

OTHER FEES OR CHARGES. There are no other fees or charges for entering into this Agreement. If you miss a repayment or fail to comply with the terms of the Agreement, the default charges set out below and in our terms and conditions may apply. LATE PAYMENT FEE We will charge you £15 for each late or missed payment. We will add these charges to the outstanding Loan Amount but we will not charge interest on this fee. Interest on the outstanding Total Amount Payable will continue to accrue daily at the Interest Rate of <{INTEREST RATE (PER ANNUM)>%ANNUM)}%. MISSED PAYMENTS Missing payments could have severe consequences, including the possibility of legal proceedings being brought against you, and may result in Credit Reference Agencies being notified, which could make obtaining credit more difficult. We may terminate the Agreement, and you may also have to pay the unpaid balance of the Total Amount Payable early. If we take legal proceedings against you, we may apply to enforce any judgment that is made in a number of ways, including getting a charging order against your home. This could lead to your home being repossessed and sold.