Common use of Default interest and default fees Clause in Contracts

Default interest and default fees. If you are in financial default you must pay us default interest on any overdue instalment or other overdue amount at the rate for those amounts shown in the disclosure statement and if you are in any default at all you must pay default fees. You must pay default fees from when you fall into any default until you cease that default. We may debit all default interest and default fees as set out in the “Default Interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees after judgement against you. That means you must keep paying them after we sue you in court for the unpaid balance and obtain an order that you must pay.

Default interest and default fees. If you are in financial default you must pay us default interest on any overdue instalment or other overdue amount at the rate for those amounts shown in the disclosure statement and if you are in any default at all you must pay default fees. You must pay default interest from the date you fall into financial default until you are no longer in financial default. You must pay default fees from when you fall into any default until you cease that default. We may debit all default interest and default fees as set out in the “Default Interest interest charges and default fees” section of the disclosure statement and they will become part of the unpaid balance. You must continue to pay default interest and default fees after judgement judgment against you. That means you must keep paying them after we sue you in court for the unpaid balance and obtain an order that you must pay.