MISSING REPAYMENTS. 7.1 If you’re having difficulty making payments, or i in the future, please get in touch with us as soon as you can as we may be able to help you. 7.2 Missing repayments by failing to make your Total Monthly Repayment by the Monthly Repayment Day, could have severe consequences, including incurring late payment fees, and Credit Reference Agencies being notified, which could make obtaining credit in the future more difficult or more expensive. 7.3 Continuously missing repayments could mean your account could be defaulted, which could result in a long-term impact on your credit record. We may also sell your debt to a third party and the purchaser may take further enforcement action against you, which could include the possibility of legal proceedings being brought against you to obtain a court order or commence bankruptcy proceedings to recover any debt owed under this Agreement.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement