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What happens if I miss a repayment to Cardeo Credit?
What happens if I miss a repayment to Cardeo Credit?
Lola Shotinwa avatar
Written by Lola Shotinwa
Updated over a week ago

If you miss a repayment to Cardeo Credit and the amount becomes overdue, your account falls into arrears.

  • Each missed credit repayment incurs a late payment fee of £12

  • Missed credit repayments appear on your credit file and may affect your ability to get credit in the future

  • The longer you are in arrears, the more you’ll have to pay back in interest

The best thing to do if you have missed a repayment is to make a payment in the app as soon as you can. This will get your account out of arrears.

Unable to make a payment?

If you are not able to make a payment, contact our support team. Once they’ve heard about your individual situation they can help to support you and find a suitable way forward. They will explain options available to you, which may include setting up a repayment plan or getting some breathing space.

You may also benefit from the free, independent advice of debt and wellbeing organisations.

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