We want to ensure that we are not putting our customers in a difficult position, so to make sure that a loan from us is right for you, we ask the following:
- Do you currently have a debt management plan in place?
- Are you unable to repay your current creditors?
If these do not apply to you then you can apply for a loan with us.
Once you have chosen your items and applied for a loan, we will conduct affordability checks to ensure that the loan you have selected is all right for you.
When you fill out the online form, all you will need to tell us is your:
- Name, Address and contact details
- National insurance number
- Average monthly income
- Child or monthly benefits income
You will not need any paper documents. (You said that was too much hassle, so we won’t ask you for it.)
However, if we are unsure whether you can afford the loan, Fair for You will check the information you are providing and may ask you to photograph supporting information and email it to us.
To help you make a decision on what you can afford to pay we have a handy loan calculator (illustrative purposes only).
We find it easier to agree smaller loans (under £350) where we can see that you can afford repayments. If your loan is a larger amount, we may conduct further checks to ensure we lend responsibly.
Don’t worry – if you can’t afford the loan we won’t just leave it at that. We will redirect you to advice services such as Turn2Us, which offers free search tools to find potential welfare grants and benefits you could be entitled to.
If you are unsure why we are unable to accept your application, or just want to find out a bit more, you can check your credit rating for free at www.noddle.co.uk.
Fair for You will carry out affordability checks including a credit check. If you are already struggling to repay credit, you are unlikely to be able to borrow from Fair for You and should take debt advice.
Any checks we conduct can only assess your current position and do not consider any unforeseen circumstances that may arise.