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Failure to repay the interest instalment on time will result in the Facility being suspended. This action will also be taken if the monthly account maintenance fee falls into arrears. Just Cashflow will make every effort to understand why this has happened. We will also work with the business to resolve the situation, to the mutual benefit of all parties. However, if we are unable to reach a mutually satisfactory arrangement and can't recover the money over a reasonable period, the account may be passed to an external partner.
Our external partner will attempt to recover the funds from the business and from any personal guarantors. Continued failure to discuss the arrears means credit reference agencies will record the outstanding debt.
This information may be supplied to other organisations by Credit Reference Agencies and Fraud Protection Agencies to perform similar checks and recover debts that are owed. Records will be kept for a period of 6 muthoot finance personal loan online apply, in accordance with current regulatory requirements, whether closed, settled or defaulted.