Responsible Lending Information
We take responsible lending very seriously and do our best to ensure any online loan applied for is affordable. Please only apply for a loan that you can afford to repay and ensure you read the terms and conditions of a loan agreement.
Max/Min Terms of Repayment & Max APR
The loans offered on this website have minimum repayment terms of 3 months and maximum repayment terms of 120 months. Lending rates vary from 9.3% APR to a maximum APR of 1294% APR depending on your circumstances.
If you’re having difficulty making a payment please contact the lender directly. Should the situation remain unresolved the lender may reserve the right to pass your details onto a third party collections agency.
Implications of Non-Payment
We always recommend repaying within the agreed timeframe. Each lender has their own policies with regards to fees and interest, and how they collect outstanding debts. Most will contact you by phone or letter in order to rearrange payment. Non-payment may result in charges and/or raised interest. We suggest contacting your lender as soon as you are aware there is a problem, as otherwise, it may be noted on your credit record.
If you are unable to make your repayment on time then you should contact your lender immediately. Lenders may charge a late payment fee which could range between £1 – £100. This will vary between lenders. For more information please read the terms and conditions of your loan agreement.
If you wish to renew your loan, you should contact your lender in advance. Most lenders will charge the same rate of interest and fees for another month on the entire amount owed. In the event of non-payment, a loan renewal/extension could be automatic and further interest and/or charges may be added to your account. Please note that renewing your loan is not recommended if you are struggling to keep up with your repayments on any of your existing credit. If you are struggling or are unable to meet your contractual repayments, you should contact your lender immediately. You can also seek independent, free debt advice.
If you are thinking of consolidating existing borrowing you should be aware that it may involve repaying a higher rate of interest, extending the terms of the debt and increasing the total amount you repay.