4CashNow Payday Loans
FAQ's
- What Proof of ID do I need?
- Can I get a same day loan and have the cash deposited the same day?
- What is a 4CashNow Cash Advance Debit Card Loan?
- What do I need to get a 4CashNow Cash Advance Debit Card Loan?
- What can a 4CashNow Cash Advance Debit Card Loan be used for?
- I need cash now. How much can I borrow?
- How much does it cost for a low rate payday loan?
- Do I need a Debit Card for a Debit Card Loan?
- I have been turned down for credit because I have a poor credit history - does this stop me from getting a cash advance?
- What if I get paid weekly?
- I'm a tenant - is this a problem?
- Do you contact current or former employers?
- How long will it take to get the money?
- I need to borrow money today. How do I get my money?
- I need an emergency loan. How soon can I receive my cash advance?
- I have a CCJ and arrears - would this disqualify me from receiving an instant loan?
- What if I'm not a home-owner? I need a tenant loan.
- What is a payday loan?
- Can I top-up my loan?
- Can I rollover my loan?
- What if I am based outside the UK
- How do you determine the amout of money to advance me?
- Is my payday loan confidential and secure?
- Do I have to payoff the loan on my next payday?
- Can I have the funds placed in a 3rd party account?
- Debit Card mandate form
- How do I repay the loan?
- How do we determine repayment date?
- What is an A.P.R.?
- Can I pay my loan back early?
- Can I fax the loan agreement to you?
- How can I guarentee my documents will get to you the next day?
- How long will it take to get the money? Can I get a 24 hour cash advance?
GIVING US PROOF Proving your identity is simple. Each applicant just needs to show us a couple of copied documents containing your name and address. We will make a record of the details. The type of documents we accept are common to most people, so you shouldn't have any difficulty producing at least two of them.
TO CONFIRM YOUR NAME
Current full signed passport.
Current UK (old paper style) full driving licence (old style provisional is not acceptable).
Current UK or EEA Photo Card driving licence (full provisional).
Current benefits book or original notification letter confirming your right to benefits or state pension.
Current Inland Revenue tax notifications.
Current Residence permit (issued by the Home Office to Eu nationals).
Current EEA member State Identity Card.
Current Blue disabled Driver's Pass.
Northern Ireland Voter's Card.
Original notification letter confirming your right to benefits or state pension.
Current Shotgun or Firearms Certificate.
Building industry sub-contractor's certificate: CIS4, CIS4(P), CIS4(T), CIS5 or CIS6 Photo Registration Card (issued by the Inland Revenue).
Current Inland Revenue tax notifications.
Birth certificate or NHS Medical Card.
Recent systems-generated or signed documentation from a regulated financial services sector firm indicating that the account / investment / insurance relationship exists and which contains your address.
TO CONFIRM YOUR ADDRESS
Current UK or EEA Photo Card driving licence (full or provisional) no older than 10 years from the date of issue.
Current UK (old paper style) full driving licence (old style provisional is not acceptable).
Recent systems-generated or signed documentation from a regulated financial services sector firm indicating that the account / investment / insurance relationship exists and which contains your address. Current local authority tax bill.
Current local council rent card or tenancy agreement.
Recent utility bill, utility statement or certificate from a supplier of utilities confirming the arrangement to pay for the services on pre-payment terms (includes land line telephone/land line cable company bills, but excludes all mobile telephone bills).
Current benefits book or original notification letter confirming your right to benefits or state pension.
Current known housing association tenancy agreement or rent card.
Current TV Licence or renewal letter.
Current Vehicle Licence reminder.
PEACE OF MIND
The security steps we take when opening your account are a legal requirement, and if you can't give us satisfactory proof of your identity, we're not allowed to open an account for you.
Please remember the security checks are also for your own protection and we hope they will also give you peace of mind.
Q: Can I get a same day loan and have the cash deposited the same day?
A: Yes, we offer same day loans to Debit Card customers who apply before 12 noon (When payments are made via Priority Payment).
Q: What is a 4CashNow Cash Advance Debit Card Loan?
A: A 4CashNow Cash Advance Debit Card Loan is an advance of up to £500 repayable - 28 days away.
Q: What do I need to get a 4CashNow Cash Advance Debit Card Loan?
A: You must have a regular income and an active bank account with a Debit Card for a Cash Advance Debit Card Loan.
Q: What can a 4CashNow Cash Advance Debit Card Loan be used for?
A: The instant cash advance can be used for any purpose - to pay bills, buy something, have a great weekend, it's up to you! We don’t need to know and we won’t ask you!
Q: I need cash now. How much can I borrow?
A: Any amount from £100 to £500.
Q: How much does it cost for a low rate payday loan?
A: You repay £100 for every £80 you borrow.
Typical Example: Loan - £80; Interest - £20; Total Repayable - £100; Term 28 days; APR 1284%
Please note that there will be an admin fee of £1.00 for processing your loan. The fee will be taken from your debit card and is non-refundable. If this is your first loan there will be a one off, additional £5.00 admin fee which will be collected on your first repayment date.
Q: Do I need a Debit Card for a Debit Card Loan?
A: Yes
Q: I have been turned down for credit because I have a poor credit history - does this stop me from getting a cash advance?
A: No. There are no credit checks. However we need to be happy that all our customers have sufficient funds available on payday to cover the advance repayment of your short term loan.
Q: What if I get paid weekly?
A: No problem at all.
Q: I'm a tenant - is this a problem?
A: No problem - it makes no difference to us whether you are a tenant or a homeowner.
Q: Do you contact current or former employers?
A: No, we operate a strict confidentiality policy. None of your personal information will be passed onto any third party without your prior agreement or unless required by law.
Q: How long will it take to get the money?
A: You could receive your money the next working day.
Providing we receive a signed loan agreement, completed Debit Card mandate form, 2 proofs of id, 2 recent bank statements, 2 recent pay slips, a copy of your Debit Card (both sides).
For agreements received before 12 noon we can supply the loan the same day (when payment is made via Priority Payment).
Q: I need to borrow money today. How do I get my money?
A: We transfer money directly to your account by same day Priority Payment ready for you to draw on immediately.
Q: I need an emergency loan. How soon can I receive my cash advance?
A: We process low rate payday loan applications on the day we receive them (Normal Business Hours Mon-Fri). Applications received over the weekend will be processed the following Monday. We can deposit funds into your account the day we receive your signed Loan Agreement, the whole process can be done within 24 hours and the loan payment made immediately.
Q: I have a CCJ and arrears - would this disqualify me from receiving an instant loan?
A: No problem! Unlike many other financial institutions, we do not require that you have good credit or, for that matter, any credit history at all. There are no credit checks. If you have any questions about qualifying for a payday loan, please contact us.
Q: What if I'm not a home-owner? I need a tenant loan.
A: It makes no difference - 4CashNow require you to meet the same criteria as any other customer.
Q: What is a payday loan?
A: A payday loan or a payday advance is a quick and confidential way to get a cash advance until your next paycheque.
Q: Can I top-up my loan?
A: Under very limited circumstances, we do from time to time offer the facility to increase your loan with us.
If a top-up loan is agreed, the additional loan will be added to your existing open loan.
For example, if you have a balance of £100.00 and receive a top-up of £200.00, your balance will be £300.00, and your next repayment will be in the amount of £140.00 (£100.00 capital, £40.00 rollover interest). Please see costs section for further details.
Q: Can I rollover my loan?
A: All you need to do is email us, confirming your next two pay dates and we’ll email you back with confirmation.
Q: What if I am based outside the UK?
A: No problem!, subject to you having a UK bank account.
Q: How do you determine the amount of money to advance me?
A: Within the allowed range, you qualify for a particular advance amount based on your current income.
Q: Is my payday loan confidential and secure?
A: Yes, your information is held on a secure server at all times.
Q: Do I have to pay off the loan on my next payday?
A: NO. You can make a minimum repayment of £100 and rollover the balance of the loan until the following payday by payment of the interest on the balance of the loan. All loans are ROLLED-OVER automatically, unless you tell us differently. Please see costs section.
Q: Can I have the funds placed in a 3rd party account?
A: Joint account with your spouse/partner - No Problem.
Another account in your name - No Problem.
Q: Debit Card mandate form
A: We are unable to provide a loan without this document, completed by you.
Q: How do I repay the loan?
A: We will collect the money on your next payday from your Debit Card. You can make a minimum repayment of £100 and rollover the balance of the loan until the following payday by payment of the interest on the original loan. All loans are ROLLED-OVER automatically, unless you tell us differently. See costs section.
Q: How do we determine repayment date?
A: All loans are due on your next payday, unless your next payday is less than 7 days away. In this case your funds will be held until your next payday, and will be paid on the 3rd working day of the following month. If you have ticked the Priority Payment box on the loan agreement, the money will be in your account between 1pm-3pm, the 3rd working day of the following month. If you do not require the funds immediately, your funds will be in your account the 6th working day of the following month.
Q: What is an A.P.R.?
A: An A.P.R is the Annualised Percentage Rate of your payday loan.
Q: Can I pay my loan back early?
A: Yes, you can pay your loan back early. Contact us to let us know that you want us to debit your account earlier than the due date. You may be entitled to a part refund of our interest charges, depending on the date of payment.
Q: Can I fax the Loan Agreement to you?
A: NO. We require original signatures.
Q: How can I guarentee my documents will get to you the next day?
A: Go to your local Post Office and send the documents by Special Delivery.
Q: How long will it take to get the money? Can I get a 24 hour cash advance?
A: You could receive your money directly in your account the next working day. Providing we receive a signed loan agreement, completed Debit Card mandate form, 2 proofs of ID, 2 recent bank statements, 2 recent pay slips, a copy of your Debit Card (both sides).
For agreements received before 12 noon we can provide a same day cash loan (when payment is made via Priority Payment).
"Excellent treatment." LaCondra N.
"I am now confident that I have someone I can turn to." Elizabeth C.
"I didn't have to go through any embarrassing paperwork." Deanna P.
"...tremendous customer service." Patrick J.
"...thank you for making my emergency situation much less stressful." Deborah G.
"I will most definitely recommend you to my friends!" Lori W.
"...no long lines or long delays for approvals." Andrea M.
"...your Customer Service Reps are courteous and very knowledgeable." Elizabeth W.
"The process is quick, easy and most of all done in the privacy of my own home." Blanche J.
V.Gates Ltd info@4cashnow.co.uk
Consumer Credit License 521069
Registered in England 3573673
Telephone: 0800 619 2277
Copyright V.Gates Ltd, 2005
All rights reserved.
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