Dynamic Loans

Representative Examples:
Representative Small Loan Example: If you borrowed £80 for 28 days, you would repay £100 with an interest rate of 25%. This is 1734% variable.
Representative Unsecured Loan Example: If you borrowed £500 for 12 months, you would repay £949.01 with an interest rate of 89.8%. This is 278% variable.
Representative Secured Loan: If you borrow £15,000 for 7 years, you would repay £24,206. This is 15.9% variable.

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:
In some cases, you may be expected to pay an extra fee, on top of what you are already expected top pay back, if you miss your scheduled payment. (Please read all terms and conditions fully prior to accepting your loan). You may also be required to pay further interest on the blance 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. 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 accpeting a loan.

Collections process:
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 a third party collections 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.