If £100 borrowed for a period of 31 days at an interest rate of 296% variable* per annum, total amount repayable by one payment is £125. 1737%APR Representative.
We were sick of the red tape that banks put in the way and the ridiculous charges when going overdrawn or needing money for only a couple of weeks. We've been there ourselves and decided there had to be a better way to manage through the gap that we all have until payday. Hence Llama Loans ™ was born, and ever since we've been sourcing the best fast cash advances for our customers who need cash in a flash from someone they can trust.
Everyone at Llama Loans ™ ensures our customers are provided with a service best suited to their short-term credit requirements in a reliable and discreet manner. We endeavour to make our application process quick and easy, and we aim to get cash quickly to our customers.
Llama Loans ™ is operated by Stop Go Networks Limited ® who are licensed to broker credit under the Consumer Credit Act 1974 and has registered with the Office Of Fair Trading (Consumer Credit Licence number 637235, Companies House registration number SC380072).
Whilst we also advocate responsible borrowing by our customers, we are committed to responsible lending. We only allow the top lenders with the best reputations on our panel. We require all our lenders to only lend to those customers who can afford to pay the loan back. As with all great partnerships, we firmly believe in a two-way relationship with our customers and we would like to hear if you have had a bad experience.
If you have debt problems then we recommend you contact the Citizens Advice Bureau. The Citizens Advice Bureau helps people resolve their legal, money and other problems by providing free, independent and confidential advice. Please don't struggle alone.
Visit Advice Guide for practical, reliable, up-to-date information on debt management, including frequently asked questions in English, Welsh, Bengali, Gujarati, Punjabi, Urdu and Chinese on a wide range of topics and fact-sheets to download.
Llama Loans ™ is a loan broker and whilst we never charge you for the service we provide:
- Many of the loan providers on our loans panel will utilise the Continuous Payment Authority to continue to attempt payment from your card consistent with the powers in the credit agreement.
- Some of the loan providers on our panel do charge an up-front fee for the service they provide. We always try the non-fee charging loan providers first, and you will have the opportunity of declining any loan offer provided.
Please ensure you read and understand the terms and conditions of the loan provider before agreeing to the loan offered.
Implications of Non-Payment
If you miss a payment it is likely that you will be expected to pay an extra charge.
It is possible that you will also be required to pay further interest on the amount you already owe.
This is further interest on the entire loan amount owed to that point, not just the original amount you borrowed.
The consequences will depend on the actual loan provider who you take the loan out with. Such consequences could include:
- The loan provider may initiate collection procedures and your credit score may be adversely affected if your payment obligations are not met.
- Your debt may be placed with a collections agency who may take any collections actions allowed by law.
The consequences of failure to repayment can be very severe. Please ensure that you are able to repay this loan before agreeing to take it out. Thankyou.
Llama Loans ™ is a loan broker and as such the renewal policy will be dependent on the lender who provides the loan.
If you wish to renew your loan, you should contact your lender in advance.
Most lenders will charge the same rate of interest and fees for another month on the entire amount owed.
Please see the details above regarding the implications of missed payments, which could affect your credit score.
We make lots of effort to provide a fantastic service. If, however, anything about our service is not up to scratch, please contact us with your queries so that we immediately answer them.
For further details regarding our complaints procedure please contact us.
If you are not satisfied with the outcome after eight weeks have passed, you have the right to refer your complaint to the Financial Ombudsman Service:
Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London E14 9SR