Based in London, Pounds To Pocket are an award-nominated loan provider offering loans of up to £2,000 that can be repaid between 6 and 12 months. Established in 2010, they have made it their aim to help hardworking people fulfil their financial responsibilities with trustworthy credit. Pounds To Pocket were Credit Today finalists for Alternative Lender of the Year in 2012 and 2013.
What Is The Criteria For A Loan From Pounds To Pocket?
To be eligible to apply for a loan with Pounds To Pocket you must be a UK resident, own a valid UK bank account, be aged over 18 and be receiving an income through employment or self-employment.
You must be able to provide accurate information on your employer, your bank account information and details of your outgoings and expenses. If approved, you will be given the option to repay your loan over a term of between 6 and 12 months, so you must choose the option that is most suitable to you.
How Do Repayments Work With Pounds To Pocket?
With Pounds To Pocket’s LoanBuilder option, you will be able to repay your loan over a term of between 6 and 12 months.
You will be able to pay via the following methods: Debit Card – Payments will be withdrawn from your debit card on the dates agreed during your loan application at no extra cost.
Direct Debit Authorisation – You can use this option if you do not own a debit card. The same process will occur only the payments will be withdrawn from your bank account instead, again at no extra cost to you.
Have a look at a representative example of a loan from Pounds To Pocket: Amount of credit: £600 for 12 months at £95.37 per month. Total repayment of £1144.44. Interest: £544.44. Interest rate: 140% pa (fixed). 278% APR Representative.
More Useful Information
Phone: 0800 016 3106
Pounds to Pocket are authorised and regulated by the Financial Conduct Authority – registered number: 603395
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk.