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Some instalment plans come with fees, which are added each month. You can see what these fees are when you set up your instalment plan in the app. This amount is the same regardless of plan length and will be shown in pounds and pence.
To make it easier to decide which option is best for you and your budget, we'll show you exactly how much the fees would be for each of the different plan periods before you set up an instalment plan.
The 12 month instalment plan is the lowest payment you can make, we call this your 'Minimum Payment'. You have to pay at least this amount to avoid falling behind with your repayments. If you do choose the 12 month instalment plan, it'll take longer, and cost more to pay off your balance.
Important to know
If you don't choose an instalment plan option during the payment window, we'll assume you want to keep paying the Minimum Payment amount. This is equivalent to a 12 month instalment plan, with a fee.
We'll also change your plans to the Minimum Payment amount if you miss your monthly Requested Payment.