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How are my payments applied to the different balances I have on my account?

Your payments will be applied to your account as follows:

Firstly to pay any Purchase Plan instalments due for that month. Then to reduce your main balance.

For your main balance we will apply the payment to the balances charged at the highest interest rates first and then to any lower-rate balances.

Any payment amount remaining after your monthly Purchase Plan instalment and main balance have been paid will be used to reduce your remaining Purchase Plan balance, starting with the Purchase Plan that ends first.

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