1. The following form of wording shall be contained in a statement under this Part -
"Minimum payments
If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance.".
2. If at the end of the period to which the statement relates, the debtor has paid less than the minimum payment required to be paid by him in accordance with the agreement, the statement shall contain the following form of wording -
"You have failed to make a minimum payment
Failing to make your minimum payment can mean that you have broken the terms of this credit agreement and could result in us taking legal action against you. It could lead to your having to pay additional costs and make it more difficult for you to obtain credit in future.".
3. The following information shall be contained in the statement -
A statement of the order or proportions in which any amount paid by the debtor which is not sufficient to discharge the total debt then due under t
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