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How does continuous payment authority work?

Continuous Payment Authority, or CPA, is permission you give Lending Stream when you apply for a loan to collect your payments automatically from the bank account that's linked to your debit card. Most people find it easier and more reliable to set up automatic debit card payments. It can help you avoid missed payments.

You have the right to cancel CPA at any time; however, if you do you'll need to arrange another way to make payments, such as self-service payments through your online Lending Stream account, a standing bank order, or posting a cheque. If you have an open loan with us, please contact us immediately if you cancel CPA and we'll help you arrange another way to make your payments.

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1325% APR

Learn more about the cost of your loan, default charges, risks and prepayments.

Responsible Lending: Carefully consider whether a loan is right for your individual financial situation. Borrowing of this type is an expensive form of credit that may be appropriate for short term financial needs but which is not appropriate for longer term borrowing or if you are in financial difficulty. All loan application are subject to status, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability.

We don't offer loans under 60 days. Early prepayment options that are available are not associated with any fees or cost. Maximum APR of 1698.1%. Given a Representative APR is 1325%, if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £33.60 followed by £96.00, £75.84, £66.88, £62.40 and £48.96 the following months. You will repay £383.68 in total, there are no additional fees.