As the borrower of a Parent Loan, the parent will be responsible for the full repayment of the loan. Clients are able to link multiple payment accounts for the repayment of the loan. This means they can arrange to make payments from another bank account that is in someone else’s name; however, it’s important to note that any late or missing payments will be the responsibility of the primary borrower.
If you are in need of assistance or are unable to make a payment towards your loan, please feel free to check out this article here to review repayment options that may be available to you. You can also discuss what options may be available for you with our Client Happiness team by clicking on the “Get In Touch” button at the bottom of this article.