To apply online, you’ll need to
✅ Be a UK resident
✅ Be aged 18 or older
Sorry. But we cannot accept applications is you are currently unemployed or self employed
What can I use my loan for
You can use your loan for almost anything apart from:
• Purchasing property (home improvements are fine)
• Gambling-related expenses
• Repaying CCJs (County Court Judgments)
• Investments, including buying stocks and shares
• Business reasons
You must make the first payment on the day we tell you. Following payments will be due on the same date in each following month unless we agree, at our discretion, to your future request to change the payment date, method or frequency.
You must pay at least the Flex Low™ of each month or will be in breach oft our agreement. We agree your Flex Low™ payment as part of your application.
You are expected to regularly pay the Normal Monthly Payment (NMP) each month, and if you do not then you authorise us to take up to a Flex Max™ payment each month until you catch up with Normal Monthly Payments.
All payments received will be allocated against the Outstanding Balance
We agree your individual affordability range with you at the point of application. We will seek to take amounts within this range to allow you flexibility or to get you back on track.
Flex Low™ is the lower amount to be utilised occasionally allowing you to catch up in months of higher affordability.
Flex Max™ is the maximum amount we will take from your account without further consent if you have paid less than the Normal Monthly Payment previously and have not caught up.
You can make larger payments at any time.
Interest is always charged on the Outstanding Balance, so if you utilise lower Flex Low™ at any time, you will pay more interest than if you maintain the Normal Monthly Payments unless you then overpay at a later date to reduce the
Fees and Charges
No fees are payable to Custom Credit for:
• Loan Advance
• Loan Admin
• Low or no payment
• Early Repayment
Missing payments could have severe consequences, including legal proceedings, the possibility that your home may be repossessed and the possibility that missing payments may make it more difficult to obtain credit.
If you are experiencing any Financial Difficulties please do not hesitate to contact us https://customcredit.co.uk/contact-us/