We will send you an annual statement each year in accordance with the requirements of the Consumer Credit Act 2006. Your annual statement will cover the period from August of the preceding year to September of the current year.
The annual statement is accompanied by a covering letter, which will confirm your new monthly repayment amount for the coming year (September to August), which you'll need to pay if you're not in deferment.
Annual statements show the financial activity on your account over a one-year period. They also include the following information:
Each annual statement will include the loan numbers to which the statement relates.