We’ve created a helpful video guide to help you understand your nextpay statement. This can be viewed by logging into My Account and selecting Statements then ‘Monthly Statements’ from the menu on the left-hand side. Alternatively, click here to view the video.
Present Balance
This is the current balance on your NextPay account, at the time your statement is produced. (This may not include any recent orders or returns).
Minimum Monthly Payment
This is the Minimum Monthly Payment you must make by the date to keep your account up-to-date. If you only pay the Minimum Monthly Payment each month, it will take you longer and cost more to clear your balance.
Estimated interest for next month
This is the estimated interest that will be added to your next statement based on the Present Balance. Interest will be added to your account if it isn’t paid in full.
Arrears section
This summary view is located at the bottom of your statement and will only be presented when your NextPay account is in arrears.
Arrears to be paid immediately
This is the total of any payments we requested on your previous statements that you didn’t pay. This is due now.
Total Payment Due
This is the total value of the Arrears to be paid immediately and your Minimum Monthly Payment amount.
Estimated interest for next month
This is the estimated interest that will be added to your next statement based on the Present Balance. Interest will be added to your account if it isn’t paid in full.