Payday advances should be used for short-term borrowing needs only, where you are able to payback the loan within 30 days.
We work with numerous lenders all of which have their own separate terms and conditions.
We advise that you contact the lender you are matched with if you anticipate that you will be late with your payment.
Late payment charges may apply (subject to the lender you are matched with).
If you need to extend the loan then it is advised that you pay the finance charge for the original loan on the due date.
Implications of Non/Late payment/Credit Score
Summary of Contents:
Payday advances should be used for short-term borrowing needs only, where you are able to payback the loan within 30 days or on your next pay day.
We work with numerous lenders all of which have their own practices and distinct loan agreement terms and conditions.
However, the consequences of non-payment can include:
1. Making it more difficult for you to obtain credit in the future or having to pay default charges to the lender.
2. Paying more for your credit by extending the term of the loan and therefore the period for which you pay interest.
3. Reports being made to a credit reference agency.
So be sure to read carefully the terms outlined by the lender you have been matched with.
If you are likely to miss or have any problems making a payment you should contact the lender directly to discuss your options.
If you fail to resolve with the lender then your account may be placed with a collections agency or sold to a third party collections company.
Disclosure of Renewal
We are not involved with the decision to renew your loan.
We advertise numerous lenders, all of whom have their own specific renewal policies.
We encourage you to read the loan agreement terms and conditions specified by the lender we match you with carefully.
Should you have any questions or if you need to renew your loan, please kindly contact the lender you are matched with directly.
More information can be found on the FAQ’s and Responsible Lending pages.
Compliance with Regulations
The operator of this website is not an agent, not a broker or representative of consumers or any lender and does not endorse the services offered by specific lenders.
Lenders understand that peoples’ circumstances can change.
If this is the case, you must let your lender know as soon as possible and they will do their best to come to some arrangement with you.
The most important thing to note is: Don’t borrow money you don’t think you can pay back.
Some of the lenders may use collection agencies and you should discuss this directly with the lender concerned.