Please be conscious that if try not to repay your loan during the agreed date between your self as well as your lender
this may bring about your loan provider reporting your situation into the Credit Reference Agencies and Credit Brokers; which might have effect that is negative your credit rating. This might negatively affect your capability to have credit as time goes on for services such as for instance motor finance, cell phone agreements or satellite television subscriptions. You may be charged a collection fee (which varies from one lender to another), plus interest on the balance outstanding at the interest rate payable under the agreement if you default.