Applicants with more than one active payday loan will not be considered. The only exception to this that may be considered is where an applicant is a home mover and will be redeeming all credit from the sale proceeds of their existing property.
Applicants with existing payday loan and a declining credit profile will be considered by referral.
A plausible explanation is required from the applicant detailing why the payday loan(s) were required. Any applicants with home lender loans within the last 12 months may need to provide a written explanation and will be subject to underwriter approval.
Together will accept up to 3 settled payday loans in the last 12 months.