© iCashAdvance.co.uk is a trading name of Techkredit Ltd. Registered address 2nd Floor, Malta House, 36-38 Piccadilly, London, W1J 0LE, UK.
Company Number: 7929994 • FCA Interim permission number: 650109 • Data Protection: Z3404270
We are a licensed credit lending and brokerage business authorised by the Financial Conduct Authority under the Consumer Credit Act 1974, which
effects introductions between borrowers and lenders as well as other brokers, for the purposes of entering into loan agreements. The operator of this website
is not an agent or representative of consumers or any lender and does not endorse the services offered by specific lenders.
Despite making every effort to budget for your settlement, most lenders understand that problems can occur. Most
lenders have the facilities in place to set up restructuring plans to help you, and whilst this may incur additional charges or interest,
it is much better than ignoring the requests. Whilst every lender has different policies, every month that you fail to settle may result in the true cost
of your solution growing hugely due to the additional fees involved. A restructuring plan means that
these fees stop, and bar the interest, you only owe the outstanding balance.
You must contact your lender directly at the earliest sign of financial difficulties. Ongoing
complications means that not only do you incur more charges and interest, but the lenders have no option to pass your details on to
collection agencies, which can be even more stressful.
If your situation is passed to a debt collection agency, providers can send the
details to a credit reference organisation. This means that a note is put on your credit report of the problem, so that future creditors
get a better understanding of your ability to settle credit agreements. All lenders have different policies regarding credit reports, so please read the
terms and conditions of your chosen provider carefully. Such notes can stay on your credit file for up to 6 years, so please make every effort
to meet your repayment before accepting your proposal.
With some lenders, by meeting your repayment on time, a positive note will reflect on your credit file - this means that you have a better
chance of obtaining future credit.
iCashAdvance.co.uk do NOT recommend renewing your agreement, as it is intended for one-off emergencies. If you feel
you have budgeted your finances sufficiently to extend, then you must contact your provider as soon as possible. Please consider
though that this may incur an additional charge - please check with your lender.
We work hard to ensure we don't partner with providers that have automatic renewal policies in place, as we feel this is not appropriate.
Once we have directed you to a lender, we urge you to check the terms and conditions carefully, to ensure that this is not in place. If it
is, you can request the cancellation of the renewal, but you must remember to do so. Failure will result in a further agreement and associated interest and
charges, that you don't really need.
We only work with a select number of lenders and brokers who are carefully vetted. Most of the lenders on our panel are generally a member of a trade body or association and asked to comply with an ethical code of practice that subscribes to responsible lending.
We do not charge borrowers a fee for the use of the brokerage services, but we receive a commission from lenders or other brokers where borrowers
enter into a consumer credit agreement with lenders and brokers following an introduction through this website. As a broker we process the information you provide
¹ Subject to application being approved by the lender. Not all lenders are able to provide up to £1000.
² Upon acceptance of the loan offer and entry into an agreement with the lender, the lender will transfer the cash within 24 hours. Clearance of the funds is dependent on whether your bank accepts faster payments.