Store card minimum payments
All store cards have a minimum amount you must pay back each month.
The minimum payment is usually just a bit more than the monthly interest charged.
This means if you only pay the minimum payment on a card, it will take a very long time to repay. Always try to pay more than the minimum amount if you can afford it.
Store card arrears
If you don’t pay the minimum payment every month, your account will go into arrears. Charges will be added for each missed payment, usually £12 each time.
Your creditor will contact you to demand the missing payments are made, and if you don’t do this eventually the account will default and further action may be taken.
For more information on what action a store card provider can take to collect a debt, see our what your creditors can do section.