We may charge you for missing your scheduled payments on your Knoma loan.
Missed payments that remain unresolved will incur a charge of £7.50. If arrears continue, a further charge of £10 may also be incurred. Full details of potential late charges are provided on our contracts.
If you continue to miss payments, it will end up being more expensive for you because you'll be charged for each missed payment. We don't want this to happen so if you are missing payments for a reason, please get in touch as soon as you can so we can work through some options with you.
We want to get you back on track as soon as possible and we certainly don't want you getting into further financial stress. Additionally, missed payments on a loan may affect our ability to lend to you in the future.
If you want to query the charges on your account, please contact us