If you are unable to pay on time, each lender has their own policies with regards to fees and interest, and how they collect outstanding debts. Some lenders may pursue you by legal means in the event of repeated non-payment. Most will contact you by phone or letter in order to rearrange payment. Non-payment may result in charges and/or raised interest and may affect your credit score. Please read the charges section of the lenders website before finalising your loan.
Most lenders will contact you by phone, letter and/or email in order to rearrange payment. Non-payment may result in charges and/or raised interest and may affect your credit score. Continued non-payment may result in your debt being passed to a collection agency, which would add further charges.
Should you feel that you will be unable to make your agreed repayment on the specified date it is essential that you contact the lender in advance. The lender may offer to extend or renew your loan, please be aware that this will result in additional interest being charged. Lenders may issue a charge for late payments. The amount of the charge will differ by lender so please ensure that you read the terms and conditions before entering into any loan agreement. Late repayments can also have a negative impact on your credit file.
If you wish to renew your loan, you should contact your lender in advance. Most lenders will charge the same rate of interest and fees for another month on the entire amount owed. In the event of late or non-payment, a loan renewal/extension could be automatic and further interest and/or charges may be added to your account. Please think carefully before extending or renewing a loan as this could result in your repayment(s) increasing significantly.
TFLI acts as a credit broker and is not a lender. We use a consumer application system to allow our customers to make applications to a number of loan providers and brokers using a single online application form.
We work exclusively with a selected group of lenders and credit brokers to offer you a range of credit and loan products. We may receive a percentage of the loan amount as a commission from a loan provider or broker if you take out one of their products and/or we may receive a fee for introducing you to them.
You can request details of these commissions or fees, by emailing us at firstname.lastname@example.org. We will then provide you with the precise amount of the commission or fee or, where that amount is not known, the likely amount. Please note that the lender or broker we direct you to may not offer the cheapest loan that is available to meet your needs.
When you apply for a loan through us the lender will disclose directly to you all of the relevant information relating to interest and charges associated with the loan.
*Once approved, your cash could be sent within 15 minutes. The time that it takes for the cash to be received in your account will depend on the lenders processing times and on your bank’s policies and procedures.
*The majority of loan applications are processed online, however there are circumstances where our lenders will need to call you. Further information relating to why lenders will need to call you is disclosed within their terms & conditions.
TFLI Ltd is authorised and regulated by the Financial Conduct Authority, number FRN 723630. Licenced by the Information Commissioners Office, (Registration Number Z3585914)
Registered in the UK, number 08424810. Registered Office Address: Adelphi Mill, Grimshaw Lane, Bollington, Cheshire, SK10 5JB
Our application process requires us to send you multiple SMS messages to provide you information regarding your Loan Application. This will also consist of details relating to specific Lenders and the service provided by CheapLoans / TFLI and will also include periodic SMS messages as new lenders and products are added to our panel.
You can opt out from these messages at any time.
Voluntary Acquiescence to the proposal of another; the act or result of reaching an accord; a concurrence of minds; actual willingness that an act or an infringement of an interest shall occur.
Consent is an act of reason and deliberation. A person who possesses and exercises sufficient mental capacity to make an intelligent decision demonstrates consent by performing an act recommended by another. Consent assumes a physical power to act and a reflective, determined, and unencumbered exertion of these powers. It is an act unaffected by Fraud, duress, or sometimes even mistake when these factors are not the reason for the consent.