Be Responsible:-

Please consider your incomings and outgoings before applying for any type of short term loan - Late repayments or failure to repay your loan may incur extra charges from the lender. - We strongly encourage customers to read thoroughly the terms and conditions of the lender about their policies - Short Term Loans are not suitable for long term financial problems.

Late/Non Payment:-

Payday advances should be used for short-term borrowing needs only, where you are able to payback the loan within 30 days or on your next pay day. As a broker we work with numerous lenders all of which have their own practices and distinct loan agreement terms and conditions. Late or non-payment may result in default charges, fees and extra interest charges. You may also be required to pay further interest on the balance that is overdue. For example, if you initially borrowed £100 and were due to pay back £125, the interest would accumulate from the £125 not the original £100. We encourage everyone to repay fully and on time and to fully read the conditions of lenders' policies. If you have any worries or concerns with regards to paying the loan back on time, then contact the lender directly and as soon as possible to explain your situation and they may be able to help you pay back in a manner that helps you and avoid any additional fees for late/non-payment.

Credit Checks and Potential Impact to Credit Score:-

We do not perform any credit checks but the lender you have been matched with may perform traditional credit checks from a major credit reporting bureau. It may affect your credit score if you do not repay this loan on time.

Renewal Policy:-

As with every loan, we encourage you to read the terms and conditions, and all relevant policies, prior to signing your loan agreement. You should always contact your lender directly, once your loan has been accepted, should you have any further questions or concerns. Our many lenders have varying renewal policies and terms and conditions.

A Typical Example: If you borrowed £100, you would be due to pay back £125 with an interest rate of 25% - this is 1734% APR variable. Then if the loan was renewed due to non-payment, you would owe £125 + 25% (£31.25) = £156.25 which means that you would owe £56.25 in interest on your initial loan of £100. This increase is due to interest charged on the initial loan of £100, plus £25 extra that is due to be paid back. Please be aware that renewal may be automatic, depending on the lender you choose. It is important to read renewal policies of the lender before accepting a loan.

As a broker we are not involved with the decision to renew your loan. We work with numerous lenders all of whom have their own specific renewal policies. We encourage you to read the loan agreement terms and conditions specified by the lender we match you with carefully. Should you have any questions or if you need to renew your loan, please kindly contact the lender you are matched with directly

Collections Process:-

Failure to pay back your loan may result in Collection Action. If you are having problems making a payment please contact the lender directly. If you default on your loan without getting in touch, the lender will endeavour to contact you by phone, email and SMS. As part of the collection process and in line with the terms of your loan agreement the lender is likely to utilise the Continuous Payment Authority to continue to attempt payment from your card up to 90 days past your due date. Should the situation remain unresolved the lender has the right to pass your details onto third party collection agencies.

We strongly encourage everyone seeking a loan, to ensure that they have the means to pay back any agreed loan repayments in full and on time.

As a broker we are not involved with the collection practices. If you are likely to miss or have any problems making a payment you should contact the lender you have been matched with directly to discuss your options. If you fail to resolve an issue with the lender directly then your account may be referred to a collections agency.