Are there set-up fees, early repayment fees or late payment fees?
Updated 3 weeks ago
Currently, there’s no charge for paying off your hire purchase early.
However, if you took out your loan after September 7th 2022, you’ll be subject to early repayment charges once they’re introduced later this year.
There are no charges if you miss a payment. Although if you do miss a repayment, it’ll be marked on your credit file which may affect your ability to gain credit in the future.
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