Consequences for missed Pay Later repayments
If your scheduled repayment fails
- Pay Later functionality in Revolut app will be locked for further purchases
- Check the Pay Later management screen for the amount due
- We'll continue attempting to charge your PLN account
- We'll continuously notify you of the missed payment
- Repayments on upcoming instalments will be on hold until you cover the missed payments on all your plans
You have until the end of the repayment date to settle your payment.
Further actions we may take if the payment isn't settled
- We reserve the right to offset. This means that, at any time and without prior notice, we can use any amount you owe us, including overdue repayments, to offset against any amount we owe you. This could include a refunded amount from another transaction
- Late interest will be charged on the overdue principal
- We may refer you to credit reference agencies
- The balance owing may be referred to a debt collection agency. We reserve our right to refer your late payment to our debt collectors in the event of continued failed attempts to debit your card
If you're facing repayment challenges, you need to contact customer support. We'll assess your situation to find the best solution for you. Applications for Pay Later are currently paused in Poland.