Common use of YOUR MONTHLY REPAYMENTS Clause in Contracts

YOUR MONTHLY REPAYMENTS. 2.1 We’ll provide you with a monthly statement, unless there hasn’t been any activity on your account during that period, and the balance is nil. Each month, you must repay at least sample% of the amount you owe us, or £5, whichever is more, plus any amount you owe that is more than your credit limit. If the amount you owe is less than £5, you must pay the full amount. 2.2 Each statement will show the date by which you must make that month’s payment. You may want to set a more convenient monthly payment date. If you would like to do this please call us. You can always pay more than your minimum payment. You have the right to repay all or part of the credit early at any time. Your statement shows the ways that you can make payments to us. 2.3 If you do not pay off the full outstanding balance each month, we will use any payments that you make to us to pay off the transactions that appear on your statements starting with those transactions on which we charge the highest rate of interest. We’ll then pay off transactions charged at the next highest rate and so on down to the lowest rate of interest. If the payment you make is not enough to pay off all of the transactions at a particular interest rate then we’ll pay off the transactions in the following order: a. cash advances; b. purchases; c. money transfers; d. balance transfers; and e. default sums. 2.4 If you pay more than the amount shown on your statement then we’ll use any remaining amount(s) to pay off transactions that haven’t yet appeared on your statement in the same order as those that do appear on your statement. In this condition, ‘transaction’ includes the amount of the purchase, cash advance, default sum, money transfer or balance transfer plus any interest, or fees charged as a result of that transaction. For example, a cash advance fee is included as part of a cash transaction.

YOUR MONTHLY REPAYMENTS. 2.1 We’ll We will provide you with a monthly statementstatement each month, unless there hasn’t been any activity on your account during that period, and the balance is nil. Each month, month where you have a balance outstanding on your account you must repay at least sample% the greater of: a) an amount equal to the total of any fees or charges due, interest, default sums, plus 1% of the amount you owe us, or balance shown on your statement; b) Sample% of the balance shown on your statement; or c) £5, whichever is moreor the full balance if less than £5, plus any amount you owe that is that’s more than your credit limit. If the amount you owe is less than £5, you must pay the full amount. 2.2 Each statement will show the date by which you must make that month’s payment. You may want to set a more convenient monthly payment date. If you would like to do this please call us. You can always pay more than your minimum payment. You have the right to repay all or part of the credit early at any time. Your statement shows the ways that you can make payments to us. 2.3 If you do not pay off the full outstanding balance each month, we will use any payments that you make to us to pay off the transactions that appear on your statements starting with those transactions on which we charge the highest rate of interest. We’ll then pay off transactions charged at the next highest rate and so on down to the lowest rate of interest. If the payment you make is not enough to pay off all of the transactions at a particular interest rate then we’ll pay off the transactions in the following order: a. cash advances; b. purchases; c. money transfers; d. balance transfers; and e. default sums. 2.4 If you pay more than the amount shown on your statement then we’ll use any remaining amount(s) to pay off transactions that haven’t yet appeared on your statement in the same order as those that do appear on your statement. In this condition, ‘transaction’ includes the amount of the purchase, cash advance, default sum, money transfer or balance transfer plus any interest, or fees charged as a result of that transaction. For example, a cash advance fee is included as part of a cash transaction.

YOUR MONTHLY REPAYMENTS. 2.1 We’ll We will provide you with a monthly statementstatement each month, unless there hasn’t been any activity on your account during that period, and the balance is nil. Each month, month where you have a balance outstanding on your account you must repay at least the greater of: a) an amount equal to the total of any fees or charges due, interest, default sums, plus 1% of the balance shown on your statement; b) sample% of the amount you owe us, or balance shown on your statement; or c) £5, whichever is moreor the full balance if less than £5, plus any amount you owe that is that’s more than your credit limit. If the amount you owe is less than £5, you must pay the full amount. 2.2 Each statement will show the date by which you must make that month’s payment. You may want to set a more convenient monthly payment date. If you would like to do this please call us. You can always pay more than your minimum payment. You have the right to repay all or part of the credit early at any time. Your statement shows the ways that you can make payments to us. 2.3 If you do not pay off the full outstanding balance each month, we will use any payments that you make to us to pay off the transactions that appear on your statements starting with those transactions on which we charge the highest rate of interest. We’ll then pay off transactions charged at the next highest rate and so on down to the lowest rate of interest. If the payment you make is not enough to pay off all of the transactions at a particular interest rate then we’ll pay off the transactions in the following order: a. cash advances; b. purchases; c. money transfers; d. balance transfers; and e. default sums. 2.4 If you pay more than the amount shown on your statement then we’ll use any remaining amount(s) to pay off transactions that haven’t yet appeared on your statement in the same order as those that do appear on your statement. In this condition, ‘transaction’ includes the amount of the purchase, cash advance, default sum, money transfer or balance transfer plus any interest, or fees charged as a result of that transaction. For example, a cash advance fee is included as part of a cash transaction.

YOUR MONTHLY REPAYMENTS. 2.1 We’ll We will provide you with a monthly statementstatement each month, unless there hasn’t been any activity on your account during that period, and the balance is nil. Each month, month where you have a balance outstanding on your account you must repay at least sample% the greater of: a) an amount equal to the total of any fees or charges due, interest, default sums, plus 1% of the amount you owe us, or remaining balance; b) Sample% of the statement balance; or c) £5, whichever is moreor the full balance if less than £5, plus any amount you owe that is that’s more than your credit limit. If the amount you owe is less than £5, you must pay the full amount. 2.2 Each statement will show the date by which you must make that month’s payment. You may want to set a more convenient monthly payment date. If you would like to do this please call us. You can always pay more than your minimum payment. You have the right to repay all or part of the credit early at any time. Your statement shows the ways that you can make payments to us. 2.3 If you do not pay off the full outstanding balance each month, we will use any payments that you make to us to pay off the transactions that appear on your statements starting with those transactions on which we charge the highest rate of interest. We’ll then pay off transactions charged at the next highest rate and so on down to the lowest rate of interest. If the payment you make is not enough to pay off all of the transactions at a particular interest rate then we’ll pay off the transactions in the following order: a. : cash advances; b. ; purchases; c. ; money transfers; d. ; balance transfers; and e. and default sums. 2.4 If you pay more than the amount shown on your statement then we’ll use any remaining amount(s) to pay off transactions that haven’t yet appeared on your statement in the same order as those that do appear on your statement. In this condition, ‘transaction’ includes the amount of the purchase, cash advance, default sum, money transfer or balance transfer plus any interest, or fees charged as a result of that transaction. For example, a cash advance fee is included as part of a cash transaction.