– a lender who quote an APR is equal to or exceeds 100%
– provided the credit for a period of a maximum of 12 months and repayments of the loan is to be made within a maximum of 12 months of the date on which the credit is advanced.
– a high-cost short-term lender must not charge alone or in combination with any other charge under the agreement a payment exceeding or are capable of exceeding 0.8% of the amount of credit provided under the agreement calculated per day from the date which the borrower receives the credit
– excluded lenders are those whom offer their products as either:
i) a home credit loan agreement (home collected credit); or
ii) a bill of sale loan agreement (a logbook loan)
Need something else? Visit our Support Centre. If you need to write to Relax Cash this is our postal address: 1st Floor, 2 Woodberry Grove, Finchley, London, N12 0DR.
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