Defaulting on your loan

Do you want to know what happens when you default under your agreement?

Under the agreement you have certain obligations to meet, including the obligation to make regular payments. If you default on your loan payments you will incur default interest and fees. UDC has a security interest in the vehicle that it has financed for you. If you fail to meet your commitments under the agreement, UDC may be entitled to repossess and sell your vehicle. If the sale of the vehicle does not cover your outstanding debt to UDC, you will remain liable for the shortfall. Other fees may apply if you fail to meet your commitments under the agreement. These can be found here.

Let us know if you’re having trouble paying. The sooner you let us know the better. Call us on 0800 833 832 - whatever the reason, we want to help.


Are you an existing customer?

Existing customers can quickly and easily complete an application through myUDC.