What should I do if I can't repay my loan?
If you have had an unexpected change in your circumstances or if you are now facing financial difficulties, and you think you will be unable to repay your payday cash loan in full or make your full monthly instalment loan payment on your scheduled repayment date, please contact us as soon as possible to discuss your options.
As a responsible lender, we want to help you repay your cashasap.co.uk loan in a way that you can afford and we understand that not everything always goes according to plan. We may ask you to provide further information to help us review your situation, to ensure that we arrange a fair and reasonable repayment option for you and accurately reflect your cashasap.co.uk short term loan on your credit file. We may be able to move your scheduled repayment date or to freeze your balance depending on your specific circumstances and the extent to which you need to amend the repayment schedule of your loan. The sooner you contact us the more options we will be able to consider for your account and the lower the total cost of repaying your loan is likely to be.
You can also always speak to an independent advisor, such as StepChange or National Debt Line, who can provide debt help and advice free of charge. Whichever course of action you decide to take please do not ignore your repayment date or our attempts to contact you to help with your repayments as that may lead to a Default Notice being issued for your account and result in your account being transferred to a debt collector who will contact you on our behalf to recover the money owed.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
MORE QUESTIONS ABOUT REPAYMENT
- When will I need to repay my loan?
- How do I repay my loan?
- How do I keep track of how much I owe?
- Can I use my credit card to pay my loan?
- Can I repay my loan early?
- How can I change the debit card I repay my loan with?
- What should I do if I won't have the money in my bank account to pay off the loan?
- What happens if I don't repay my loan (and any other amounts due to us) on time?
- Can I extend my loan repayment date?
- Can I extend my loan if I have missed the repayment date?
- How many times can I extend my loan?
- I am worried about my finances, what can I do?
- What does APR mean?
- I have entered an Individual Voluntary Arrangement / Debt Relief Order / Debt Arrangement Scheme / Bankruptcy / Debt Management Plan or other arrangement with my creditors. What do I do?
