MORE OF OUR MOST FREQUENTLY ASKED QUESTIONS

Q. How quickly will I be contacted about my loan application?

A. You will be contacted by telephone on your chosen number usually within 24 hrs by a loans advisor. This does not include weekends. For online payday loans if you apply Mon- Fri during normal working hours you will be contacted the same day.

Q. How much interest will I pay, and at what rate?

A.Rates vary depending on the amount you borrow and the length of the loan. If you were to borrow £750 over 24 months the APR will higher than for a £3000 loan over 48 months. You need to look at the total amount repayable to see the true cost of the loan. Rates will also vary based on your credit history. You can discuss this fully with a loans advisor. Payday loans have a fixed rate of interest at 25% because the loan is normally for a maximum of 30 days. Borrow £200 for one month and you repay £250

Q. Can I pay the loan off early?

A. Yes this is no problem, however there is an administration charge which will vary according to the amount of the loan and the length of the agreement. This can be discussed with a loans advisor.

Q. What paperwork will I need to take when I sign the agreement?

A.Proof of your I.D, driving licence or passport is required for all types of loan. Also proof of income, payslips if you are employed, bank statements and possibly accounts if you are self employed. Proof of your home address, current utility bills, telephone bill, bank statement, tenancy agreement etc. Don't worry too much your loans advisor will explain exactly what you will need to return to the office with the completed loan agreement. A checklist is issued with the loan documents.