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If you have a 3, 6 or 9 month instalment plan, you can reduce your monthly payments by switching to the Minimum Payment amount - this is the lowest possible amount you need to pay each month.
Switching to minimum
This moves all your existing instalment plans onto a 12 month plan, with a fee. Once you switch to the Minimum Payment, you won't be able to make any further changes to the length of your plan. If you originally started with a 12 month instalment plan, you won't able to switch this to a shorter plan. Although paying the minimum may seem like a good option, it will take longer and is the most costly way of paying off what you owe. Paying more than the minimum helps you save money on the overall cost and can help you pay off what you owe faster.
Extra payments
You can choose to pay your balance back quicker by making extra payments whenever you want and we never charge you a fee for this. This applies to all plan lengths. You can find out more about extra payments here.
For information on extending your Virgin Money or Virgin Atlantic instalment plan, see here.