Representative Example: You could borrow £10,699 over 60 months with an initial payment of £495.89 (including £199 Admin Fee) followed by 58 monthly payments of £296.89 with a final payment of £495.89 (including optional £199 Option to Purchase Fee). Total amount repayable will be £19,012,40. 26.1% APR, annual interest rate (fixed) 13.3%.
If your payment is late, we may report it to credit reference agencies the next day (depending on our reporting schedule). This will show on your credit file for up to six years and may affect your credit rating. Other lenders can see this information and may take it into account when deciding whether to offer you credit. Missed payments can suggest financial difficulty, which may lead to a declined application or higher interest rates, as lenders need to manage their risk.
