If you have a Daily Interest Loan:
Yes, you’ll be charged more interest after missing a payment. This will be charged at the rate of the APR on your agreement on the outstanding balance on your loan account. You can repay the interest at any time but the longer the balance is outstanding the more interest you’ll pay.
If your circumstances have changed and you find you are struggling to make your repayments you can access help online.
If you have a Pre-Calculated Interest Loan:
No, you won’t be charged any interest for missing a payment. We apply interest at the start of the loan and the total balance confirmed to you in your agreement is the maximum amount that you will pay. If you are concerned about your financial circumstances independent help is available at the Money Advice Service
You can find the type of loan you have by logging into your Online Account. This will tell you whether your loan is a pre calculated interest loan or a daily interest loan.