Warning: Late repayment can cause you serious money problems. For help go to moneyadviceservice.org.uk
Representative APR from 45.3% - 1575%

Every one of our associated lenders must have a Responsible Lending Policy in place. If they do not, we do not work with them.

Some lenders belong to the BCCA, so they are required to abide by a strict code of practice that pertains specifically to short term lending. Other lenders are members of the Consumer Finance Association.

In both cases they have specific operational and ethical guidelines in which they must operate. We encourage you to check the responsible lending codes of practice for any lender before agreeing to a loan.

You must understand that an instalment loan is, by definition, a short-term loan taken over the time-frame of a month or less. These should not be regularly used by anyone. So, if you have taken out four or more short-term loans within the last year you should seriously considering seeking debt an budgeting advice.

Many lenders will not allow a borrower to receive more than 30% of their monthly net income. If your application was denied it may, therefore, be worth trying for a lower amount.

The short-term loan site that you use should have an application that is secure (such as SSL technology).

It is vital that you understand the APR of the loan you are being offered.

Make sure you will be able to pay back your loan. If you cannot afford to pay back a loan, you shouldn’t take it. If you are doubtful you will be able to make your next payment, you should contact your lender immediately as they will try and come to an appropriate solution.

Lenders will not

  • Give money to people who are not able to pay it back, or who may be using it to fund holidays or other leisure activities.
  • Give money to people who already have issues with debt.

What may happen if you fail to pay

  • If you fail to pay an instalment on a loan, this information will be passed to the Credit Reference Agencies. This could affect your future credit score. If you know you are going to miss a payment, always tell your lender. There may be a missed/ late payment fee of up to £15.
  • There will be a different policy on late or non-payments depending on who your lender is. You should always check their website for details.

For more information about the BCCA’s code of practice, visit the website below: