Short term loans from 3 to 18 months

Apply for a loan between £100 and £2,000

Responsible Lending

Responsible Lending

Repayments Policy

If you find that you are struggling to repay your loan then you must contact your lender straight away. They may be able to help you work out a repayment option whereby you do not completely skip a payment-but do bear in mind that this process will result in further charges or extra interest repayments. Failure to keep your loan company informed will cause even more problems and may well result in your details being passed on to a third party debt collections agency who can use their own means to recover the debt.

What happens if you fail to repay

If you default entirely on your loan repayments then not only will you incur extra fees and charges but your details and the details of the unpaid transaction will be included in your credit report, affecting future borrowing. If you find that you cannot repay within the given timeframe, you must always contact your lender to explain the situation. If you miss a payment without informing your lender, you may be contacted by telephone, email or letter as your lender tries to recover the funds you borrowed. It may be possible to arrange an alternative date or timeframe for the repayments, so always contact your lender at the first sign that you may have trouble repaying.

Late Repayments

The best thing to do if you are having trouble repaying, as previously stated, is to contact your loan provider. For a small fee you may be able to rearrange your repayment date to a time when you know you will have funds to cover the amount. The amount that lenders charge for this service will vary, so check the terms and conditions of your loan agreement to work out what it will cost you. A late payment will almost certainly cost you a late payment charge; again you should check with your lender for individual circumstances.

Renewing Your Loan

It is not generally recommended that you renew your payday loan, but if you feel the need to do so then always contact your lender. Your loan may be renewed or extended automatically if you have failed to repay the amount specified within the agreed time, and as such charges or fees may be added. You may find that renewal of your loan results in the same level of interest charged-but bear in mind that this amount will be based on the total amount you have borrowed, not just the original sum.

 

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Online Application

1. Apply Online

2. Online Decision

3. Loan Transferred

  • Borrow from £100 to £2000.
  • From 3 to 18 months.
  • All circumstances considered.

 

Apply Now >

 

APR Explained

Representative 277.5% APR

Representative Example

Borrow £700 for 12 months, you repay £1335.24. 

The total charge for credit is £635.24. 

Interest rate of 140% payable (fixed). 

Representative 277.5% APR (variable).

Note this is an average representative APR. Your rate could vary depending on the payday or short term loan lender that accepts you.

FCA Reference Number: 747184

Data Protection Act 1998: Z3565851