If I default on a monthly payment, what are the charges that apply? Charlotte Logan January 29, 2020 09:28 Updated Follow Our credit supplier (Premium Credit) charges a default fee of £27.50 To find out more, please click here 👉🏼 Premium Credit help centre 👈🏼 Related articles If I cancel my policy in the middle of the month, will I receive a refund? Do I need a smart phone? Why do I need to give my address to get a quote? Comments 0 comments Article is closed for comments.