Disclosure of Fees including Representative APR for Payday Loans
Short Term Loans: £400 borrowed or 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable)
Personal Loans: £2,000 borrowed for 24 months. Total amount repayable is £6,512.44 in 24 monthly instalments of £271.36. Interest charged is £4,512.44, interest rate 112.8% (variable)
Our lenders understand there can be times when you are unable to repay your loan in full when it is due. If you find yourself in this situation the lenders will normally consider giving you an extension of the loan. However, before they do the will need to assess whether offering an extension will adversely affect your financial situation. You will need to discuss this with your lender as soon as you are aware that you will not be able to repay the loan. If they agree to roll your loan over, you will only be required to repay the interest. The original amount borrowed will be 'rolled over' into a new loan, which you will need to repay when you next get paid. Extensions, partial payment and early payoff requests must normally be received at least three working days before you are due to repay the loan.
Code of Practice:
Transparency Policy: Our Lenders provide all customers with a clear and understandable agreement, showing the perspective repayable amount, as well as examples. All figure work is clearly shown at all times and includes both the interest and any other costs. The customer will only be requested to make extra repayment if they do not honour their agreement, and the Lender incurs costs to recover the outstanding balance.
Most lenders offer a service to assist its customers to take steps to overcome short-term cash flow problems. Due to the nature of short term lending the customer will need to settle their loan within the 29-day maximum period. Our Service allows customers to access our service again in the future if they require a further short-term cash facility.
Responsible Lending Policy:
Fix My Finances Limited is an online lead generation vehicle, which helps users locate potential payday loan companies to provide their short-term cash loan. Our procedures are in place to ensure that Fix My Finances Limited makes the best decisions with matching our users details to a quick cash lender.
Fix My Finances Limited provides a transparent service and urge customers to take careful consideration when entering any agreement, and using any credit facility responsibly. Fix My Finances Limited advises all customers of the implications of late or non-payment, and provided suggestions to customers experiencing financial difficulties referring them where necessary to the Consumer Credit Counselling Services.
Financial Ombudsman Services:
Fix My Finances Limited operates a complaints procedure in the event that a customer is dissatisfied with any aspect of the services and the way we proved them. Full details are available HERE. If we are unable to resolve your complaint within eight weeks of receipt, or you are not satisfied with our response to your concerns, you may be eligible to submit details of your complaint to the Financial Services Ombudsman.
Their contact details are:
The Financial Ombudsman Service, Exchange Tower, London, E14 9SR.
0300 123 9 123 or 0800 023 4567
How are Fix My Finances Limited Remunerated:
Fix My Finances Limited do not charge customers a fee for using its broker services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement with a lender or broker following an introduction through this website.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
Warning: If you do not make your minimum repayment by the agreed upon due date, you may incur additional charges and penalties. If you are having problems paying, please call your credit provider. For other sources of assistance, visit www.mymoneysteps.org; call the Step Change Debt Charity on 0800 138 1111; or National Debtline on 0808 808 4000; or visit moneyadviceservice.co.uk; or visit your local Citizens Advice Bureau.
Complaints: if you have a problem with your agreement, please try to resolve it with your credit provider in the first instance for more Information click here
Most loans under £2,000 can be paid into your bank account within one hour. However not all of our lenders offer this service and some may not pay straight into your bank account. Subject to lenders requirements and approval or your banks policies and procedures.
*The loan amount and interest rate you are offered is subject to lenders requirements and approval. If accepted by a lender, a full credit check will be carried out. If we are unable to find you a loan we may offer you an alternative product.
** Disclosure of Fees
Fixmyfinances.co.uk does not make loan or credit decisions and is not a lender. Fixmyfinances.co.uk matches customer’s finance applications with lenders and brokers in our database depending on the information provided allowing customers to make multiple applications to a number of loan providers via a single online form. The completion of the application form does not guarantee approval of finance. The loan amount will vary depending on the lender or broker who accepts the application within our database. Finance may not be available to every customer. Any information on this website should be taken as opinion only. Fix My Finances does not charge customers a fee for using its broker services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement with a lender or broker following an introduction through this website.
Fixmyfinances.co.uk is a trading style of Fix My Finances Limited; a company registered in England and Wales, registration number 07030583 and registered office address, Britannia House, 1-11 Glenthorne Road, London. W6 0LH. The Company is duly registered with: The Data Protection Act, 2018 Reg. No: ZA258270;
Fix My Finances Limited is an appointed representative of Ingard Financial Limited which is authorised and regulated by The Financial Conduct Authority under Register number 450731. Fix My Finances Ltd can be found under registration number 783203
Data Protection Number: ZA258270