Views:

This article is for the following products:
Virgin Money Virgin Atlantic

If you miss an instalment plan payment, the amount you did not pay will be moved into your standard credit card balance.

It won’t be recorded as a late payment and you will not be charged any fees for missing the payment. The amount you’ve missed will be added onto your standard credit card balance and you will have to pay interest on it. We will never charge interest on any instalment plan fees. 

 

If you miss or underpay three instalment plan payments, then all instalment plans that were active during the three missed payments will be cancelled. If that happens, the outstanding amount of the plan will move to your standard credit card balance and interest will apply (apart from on any instalment fees). 

 

You won’t be able to move any transactions from a cancelled plan into a new instalment plan.

 

For information on Virgin Money Slyce payments, see here.

Comments (0)