If you miss or expect to miss a repayment under your Bounce Back Loan Agreement, please get in touch with us straightaway to discuss it with our lending team. The risks of missing a repayment under your Bounce Back Loan Agreement are that we may:
- Cancel our agreement with you and require you to repay the full amount of the Bounce Back Loan immediately;
- Set off any amounts you owe us under the agreements against any funds you hold with us in other accounts;
- Take enforcement action against you to recover any amounts you still owe if necessary;
- Restrict your access to any other credit facilities you have with us and require you to immediately repay those facilities; and
- Disclose information about your Bounce Back Loan to the credit reference agencies.