The Quick Cash Club | Repayments
Warning: Late repayment can cause you serious money problems.
For help go to www.moneyadviceservice.org.uk

Repayments

Before you apply for a loan you need to think do you really need to borrow money? You also need to be sure you can afford to meet the monthly repayments and that these repayments are not going to affect your ability to pay other important bills.

You choose the repayment date monthly, and on that date we’ll attempt to collect the repayment from your debit card using continuous payment authority. You do have a right to cancel this authority, but we must remind you that if you cancel and you still owe any outstanding debt, you will need to provide an alternative method of payment to prevent the account falling into arrears.

If your payment fails on the day that it’s due, we’ll notify you of this. We’ll attempt one more time to collect the payment from your debit card the following day and if this fails we will attempt to collect the payment from the Guarantor. If the payment fails from the Guarantor we will try one more time to collect the payment. After this point we will not attempt any further payments without specific instructions from you or your Guarantor.


How much does it cost to borrow?

The below table shows you how much we charge over how many months.


Can I repay my loan early?

Yes of course, we will only charge you for the amount due at the point that you want to settle. Please give our collections team a call on 02071930499 to discuss further.

FAQs

  • How quickly can I get the money?
  • What is the criteria to be an applicant?
  • I have a bad credit rating, will you be able to accept me?
  • How do your repayments work?
  • Will I get credit checked? / Will you credit check my guarantor?
  • Will you charge me a fee to apply?

If you can apply, provide a suitable guarantor and complete the application before 16:00 on any working day, we will payout your loan the same day.

If you apply late on a Friday or at the weekend your caseworker will be in touch on Monday to arrange your payout.

If you apply on Bank Holiday then we will be in touch the next working day. We are unable to guarantee an exact timescale as it depends on your bank and the type of payment used.

• Age 18 or older
• UK resident
• Not bankrupt or on an IVA
• Have a valid debit card



As long as you're not bankrupt, restricted from borrowing and have a valid debit card, we will be able to give you a loan (subject to affordability checks). All you need to do is supply us with a guarantor that matches our acceptance criteria.


You choose the repayment date monthly, and on that date we’ll attempt to collect the repayment from your debit card using continuous payment authority. If your payment fails on the day that it’s due, we’ll notify you of this. We’ll attempt one more time to collect the payment from your debit card the following day and if this fails we will attempt to collect the payment from the Guarantor. If the payment fails from the Guarantor we will try one more time to collect the payment. After this point we will not attempt any further payments without specific instructions from you or your Guarantor.


We credit check all applicants to make sure they are not currently declared bankrupt or restricted from borrowing and guarantors are credit checked to make sure they meet our criteria.



We are a lender, not a broker, so we never charge a fee to provide you with a loan.

The only payments we will ever take will be your monthly payments.    

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