If outstanding debt is not cleared within the 2 days grace, we will issue a notice of termination on the third day via email with intent to repossess property if all outstanding debt is not cleared on or before the next payback due date. Each day carries a late payment penalty. If the outstanding debt plus lateness fee is carried into a second month up to the due date of the second month, this translates to 2 months consecutive default which automatically leads to termination of contract.