At the end of your further payment deferral we will not be able to offer further deferrals, but we do have a variety of options to help if you find that you’re still unable to resume your repayments. Some of these options are listed above.
It is important that we speak with you at this stage, as if we do not hear from you, your deferred payments will be moved to the end of your loan, which may result in you paying more interest on your loan, and paying for a longer period of time. We will also try to work with you after your deferrals to find solutions that will help you reduce the additional interest you need to pay.
Please be assured that whichever treatment your deferred payments follow, we will not report them on your credit file as arrears. We will clearly communicate with you which treatment your deferred payments will follow and our team will be happy to answer any questions you may have.
Once your further deferral has ended, if you miss further payments, they will be reported on your credit file..