Non Payment

The only way costs will mount beyond our initial calculation is if you do not comply with the terms of the loan agreement. If our first collection attempt is declined by your bank – because you have not made sure that there are enough funds available – we will do our best to contact you as soon as possible, as we always hope to resolve the situation as quickly as possible. However, your bank may charge you for not having sufficient funds available in your account.

We will then make further attempts to collect the money from your account and our professional collections team will also keep trying to contact you to discuss the situation. If your circumstances have changed significantly, they will do their best to offer a solution and come to an arrangement that helps you best, which is always our goal.

We do not believe in charging you with ongoing and multiple charges, like most lenders, but interest will continue to mount on your balance for up to 90 days if we can not reach a fair agreement in the meantime. If we do not reach an agreement and we can not recover the money over a reasonable period, your account will be passed to an external collections partner. Legal Action will be taken.

Continued failure to repay a loan will also mean credit bureaus will record the outstanding debt. Finally, your rating¬†will be affected and you probably won’t be able to borrow from us again.

None of these things are worth the risk, so if you have doubts about whether you’ll be able to comfortably repay a loan, please do not apply in the first place.