Minimum payment
This is the Minimum Payment you must make by the date shown to keep your account up-to-date. If you only pay the Minimum Payment each month, it will take you longer and cost more to clear your balance.
Pay in 3 payment
The pay in 3 payment is the amount you must pay by your due date shown on your statement to prevent your pay in 3 purchase balance from gaining interest. If you do not make the pay in 3 payment in full and on time, interest will be charged at the standard rate (29.9% per annum variable).
Present balance
This is the balance on your pay in 3 account, at the time your statement is produced. (This may not include any recent orders or returns).
Arrears section
This summary view is located at both the top & bottom of your statement and will only be presented if your pay in 3 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 which is due now.
Total Required
This is the total value of your Arrears to be paid immediately and the Minimum Payment amount.