Tesco Personal Finance - CCC Financial |
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Tesco Personal Finance Personal Credit Manager (Loans) 24 St Andrews Square, Edinburgh. EH2 1AF What is a payment break? Tesco Personal Finance We currently offer you the option to take a two month repayment break before commencing your monthly payments. This is only available at the start of the loan and gives you 3 payment free months from the time your funds are issued until your first repayment is taken by Direct Debit. Example: If you opened your loan on January 1st and took a 2 month repayment holiday, you would make no repayments in February or March and your first repayment would be 1st April. Tesco Personal Finance What happens when I apply for a Tesco Loan? For online applications, once your application has been submitted a credit reference search will be carried out and a credit score will be calculated. This will determine whether we can offer you a loan. If your loan is agreed in principle, we will then try and contact you over the phone to let you know your application has been accepted. We'll send you documents to sign and return to us along with details of any additional information required to support your application. Tesco Personal Finance Your application will then be fully assessed and we will write to you within a couple of days to inform you of the final decision. Tesco Personal Finance Should your application be successful the funds will be deposited in your account within 3 working days of the final decision. Tesco Personal Finance What is a Credit Search? Tesco Personal Finance This is a search made on your name and all personal address details that have been provided in your application with a Credit Reference Agency (Equifax) in order to assess your credit history. Our search will then be noted on your record with the Credit Reference Agency (Equifax), to inform other institutions that we have requested information about you. When is a Credit Reference carried out? This will happen when you make an application. What is Credit Scoring? Credit scoring is an assessment of your ability to repay based on the information you have provided in your application, along with the details from the Credit Reference Agency. This is used to help us decide whether we can offer you a loan or not. A Guide to Credit Scoring leaflet is available on request. When do I get the money? The funds should be available in your chosen bank/building society account within 3 working days of you recieving written confirmation from us that your loan has been accepted. An electronic payment is sent direct to your bank account and the money can be withdrawn as soon as the funds reach your account. How do I make repayments? Repayments will be made by Direct Debit from the bank/building society you have chosen. Can I choose the date to make my repayments? Yes. Just let us know your preferred payment date when you apply and we'll arrange it for you. Your first payment must be made between 15 and 45 days after you receive your money. What can I do if my loan is not approved and I don't agree? You can either: Write to: Tesco Personal Finance Personal Credit Manager (Loans) George House 4th Floor 36 North Hanover Street Glasgow G1 2YG or Get a copy of your credit history with the Credit Reference Agency by sending a cheque for £2.00 to Equifax plc Credit File Advice Centre PO Box 1140 Bradford BD1 5US or Get a copy of your credit history by calling the customer affairs line. You will be required to make a payment of £2.00 by credit card. Equifax customer affairs: 0990 143 700 Can I apply again if I am not accepted the first time? Yes, after three months. What is Payment Protection? Payment Protection is cover against the unexpected. Your loan repayments may be met if you are unable to make payments due to illness, an accident or unemployment, so you won't have additional worry. What does Payment Protection cover? Payment Protection covers a large variety of situations each of us may face. For details click here. What does Payment Protection not cover? The main exclusions are, any illness you already know about when the loan starts, or for which you have seen a doctor in the last 12 months. Backache or psychiatric/stress-related conditions unless there is specialist medical evidence. Unemployment which arises in the first 60 days of cover, or is voluntary or if you work abroad. To read the policy document click here. Can I change my mind about taking out a Tesco Loan? Yes. You can change your mind at any stage in the loan application until the funds have been paid into your bank account. If you want to cancel your loan after that date please call us on 0845 602 8888 and we'll arrange for you to repay your loan. What if I want to borrow more? Call us on 0845 602 8888 between the hours of 8am and 10pm. apply now can we help? how much will it cost? compare our rates payment protection for peace of mind see how our 3 new levels of Payment Protection Insurance can help you. Tesco Personal Finance |
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