What risks should I be aware of when I take out a loan?

If you want to stream a loan because your finances are tight, an unexpected expense could make it difficult for you to repay your loan. Missed loan payments can result in late fees and additional loan interest charges that can make your loan more expensive than you originally planned.

We do everything we can to avoid putting you in this situation by carefully assessing your ability to repay a short-term loan. However, we can't anticipate everything about your financial situation.

Carefully consider your ability to repay a loan before you apply. Review the details of the cost of your loan offer before accepting it, and be certain that you can fit loan payments into your budget. Also consider the possibility that you might run into other unexpected expenses that could make it difficult for you to make loan payments.

Missed payments can result not only in additional fees and interest charges, but can also leave a black mark on your credit file, which can have a negative impact on future attempts to borrow from any lender. Short term loans are not the right type of borrowing for everyone, so we want all potential applicants to understand the risks involved before they apply.

Representative
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 applications are subject to status checks, 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.