Frequently Asked Questions



General Questions:

Q: How high are the rates that I'll be paying?

A: On your first loan you'll pay 10% of the principal plus 36% per year, and on subsequent loans you'll pay 36% per year.

Q: Are you going to get a credit check done before issuing the loan?

A: Yes, even though we don't put too much faith in credit checks they are still a necessary part of confirming your identity.

Q: Will you let me know why I was declined?

A: You can find out why if you ask us specifically.

Q: Do I have to get a guarantor if I have bad credit?

A: You will never need a guarantor, no matter what your credit is like.

Q: Will my bad credit be a factor in determining whether I get a loan?

A: Your credit is a factor, but it's not a major one. The largest impact of a bad credit rating will usually be in the amount we offer for an initial loan, and even with bad credit you can build trust with us until you can borrow the maximum.

Q: What is the maximum I can borrow?

A: Once you establish a relationship with us you can borrow as much as $500.