|If you miss a payment your balance does not reduce in line with your original agreement. As a result, you will incur additional interest that you can repay at any time. Missing more than 1 payment will mean further interest is added to your loan. In addition, if you miss a payment your account will be shown as being in arrears. Unless the missed payment is made then it will be recorded on your credit file.
If your circumstances have changed, and you find you are struggling to make your repayments, you can access help online. To find out more about the options you have available to you see the Money worries section of our website.