Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
FAQs
Representative Example: If you borrowed £1,000 over 6 months you would repay £1,490 in total in 6 equal monthly instalments of £248. Total charge for credit is £490. Interest Rate 98% pa (fixed). Representative 323.4% APR. (Maximum APR 607.9%).
Representative Example: If you borrowed £1,000 over 6 months you would repay £1,490 in total in 6 equal monthly instalments of £248. Total charge for credit is £490. Interest Rate 98% pa (fixed). Representative 323.4% APR323.4% APR.(Maximum APR 607.9%).
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Your questions answered
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If you are a first time customer, you may be able to borrow between £300 and £1000. The vast majority of our customers borrow between £500 and £1000. Our creditworthiness, sustainability and affordability assessment determines the amount you may be eligible to borrow. When you’ve repaid your first loan successfully, you may be eligible for increased loan amounts but all repeat applications will be subject to a creditworthiness, sustainability and affordability assessment.
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We use a variety of types and sources of information for making our lending decision. Depending on the circumstances, this will include but not be limited to some or all of the following information - Information obtained from you, records of our previous dealings with you and data from Credit Reference Agencies.

We will not provide you with a loan if our creditworthiness, sustainability and affordability assessment indicates that you may not be able to repay the loan in a sustainable manner.
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As a returning customer, you may be eligible for loan amounts above £1000, although this is calculated by our creditworthiness, sustainability and affordability assessment. We can lend existing clients up to £2000.
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We take the agreed repayment amount either using your debit card or through a direct debit mandate that you enter into when you take out your loan.

Where we make collections from your debit card, these are made under a Continuous Payment Authority that you grant to us when taking out an Anico Loan.

Further details are found in your pre-contractual information and your Anico Loan Agreement.
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When you take out a loan with Anico you will be required to make your payments either by direct debit or through a Continuous Payment Authority (“CPA”) on your debit card.

Where a CPA is used - the CPA will only be attempted twice for any entire instalment on a consecutive basis (subject to the reset procedures below) and only within the period from the due date of the instalment up to the close of business the following business day (subject to express agreement from you to alter a collection cycle, for example, owing to change or irregularity in pay date).

Where two consecutive CPA card collections have failed, Anico will reach out to you to discuss your circumstances, to ascertain the reason the payments failed and to resolve the situation. Anico will not seek to take further collections from your debit card without speaking to you, ascertaining your circumstances and where appropriate, obtaining your consent.

You have the right to cancel your CPA at any time by notice in writing to us at info@anicofinancialservices.com.

If you do cancel your CPA, you must remember that the amount you owe Anico is still outstanding and you must find a way to pay your loan or you will fall behind with your payments which can have serious consequences.
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Yes. Please call our Anico Customer Services hotline on 020 7099 5882 if you would like to discuss making an application. We accept applications over the phone or in person. All clients will have a phone interview or meeting with one of our Anico Customer Services Representatives.
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You need to be 21 years of age, or older, be in regular employment or have a regular income, have a valid debit card and a working bank account. You should also be a UK resident with a valid visa (where applicable).
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Of course, you can repay anytime you want or close your loan early. If you pay early you may pay less interest as you may be entitled to a rebate under the Consumer Credit Act 1974. All rebates by Anico are calculated in accordance with this Act and the Consumer Credit (Early Settlement) Regulations 2004.
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If you are having difficulties making the payments on time we will not charge you late charges or default interest. Missing payments can have serious consequences such as making it more difficult to obtain credit in the future for items such as mobile phones, cable tv packages etc.. It is very important that you get in touch with us as soon as possible if you are having difficulties and we will be able to discuss payment alternatives with you. Please contact the Anico Customer Services team on 020 7099 5882.
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We do not charge a transfer fee for the deposit of your funds. We do not charge any additional fees.
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If you receive some of your income from benefits you may be eligible for an Anico loan.
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Yes. But we do not base our decision on your credit history only. Your credit history and Anico’s own affordability, sustainability and creditworthiness assessment helps us understand your situation in order to create the most responsible solution for you.

Please see the section on Data Protection for further details on how we access Credit Reference Agencies and use such data.
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Yes, you may be able to subject to your financial status and our affordability, sustainability and creditworthiness assessment.
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By inputting your details we are able to view up to 90 days of bank account history. This helps us make our lending decisions, assessing whether and if so what amount of credit is affordable and sustainable for you. As a responsible lender, we work with credit reference agencies to review your creditworthiness. As part of that process it is important for us to verify your income and outgoings. Ultimately, this will help us ensure that you do not fall into difficulties in making the repayments due under a loan. We are only permitted a read-only access to your current account, so will only ever be able to view the recent transactions on your account – nothing more. Your bank details are encrypted in transit and stored securely by our credit reference agency and its services providers. We do not have the ability to change any of your banking details, set up standing orders/direct debits or to manage your account in any other way. All data is securely handled in accordance with data protection laws and our privacy policy.
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No person can access your internet banking details. When you enter your banking credentials on our website they are securely transmitted. The encrypted details are then passed by our credit reference agency, Perfect Data Solutions Limited and associated service providers. They are stored in a highly secure data centre which has a single use, which is to generate a read-only data-feed which we will use to assess the affordability of the loan.
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As an organisation, security of data and prevention of fraud are fundamental to us. We are committed to using practices to ensure that our services are provided within a secure environment. Your internet banking details are encrypted and held securely by our service providers. Our credit reference agency partner, Perfect Data Solutions Limited and us, are permitted read-only access to your current account, so will only ever be able to view your account. We do not have the ability to change any of your banking details or set up standing orders/direct debits. All data is securely handled in accordance with data protection laws and our privacy policy.
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They will be used to make lending decisions about you and stored by us as long as necessary to assist us in managing your account or underwriting loan to you. It will be stored by Perfect Data Solutions Limited, which is a credit reference agency, as part of your credit record. This means that anyone who accesses your credit record in future will be provided with a credit score which is based on all the information held about you including your banking history.
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We would recommend that you review the Terms and Conditions of your internet banking provider. Before you decide to submit your banking credentials, we would stress that security is of paramount importance, we would especially mention that:

  • Your data is encrypted in transit;
  • We do not have any functionality over your bank account; and
  • We only have access to a read only service.

We will include the following prescribed data protection terms within any Loan Agreement you enter into with us. If you agreed to provide us with viewing access to your internet banking account the following data protection provisions shall apply.

Provide Accurate Information. You have provided true, accurate, current and complete information about yourself and your bank accounts (with us or third parties) and you have not misrepresented your identity or your account information.

Purposes. We will access your bank account transaction information going back for a period of up to 90 days (Transaction History) using the services of a credit reference agency called Perfect Data Solutions Limited (PDS). We will use your Transaction History to assess your creditworthiness and whether the loan you seek is affordable.

Neither we nor PDS will store or have access to your internet banking credentials, PIN codes or passwords. That information is encrypted in transit and stored by a third party service provider upon their servers in a secure environment outside the European Economic Area.

Third Party Accounts. By agreeing to allow us viewing access to your Transaction History, you authorise PDS and PDS's service providers to access third party sites designated by you, on your behalf, to retrieve information requested by us, and to register to view bank statements over a period of up to 90 days. You agree that PDS and PDS's service providers may, and are instructed by you as your agent and nominated representative, with full power of substitution and re-substitution, for you and in your name, place and stead, in any and all capacities, to access third party internet sites, servers or documents, retrieve information, and use your information, all as described above, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such activities, as fully to all intents and purposes as you might or could do in person. This will include the following purposes: copying Transaction History over a 90 day period and storing the copied Transaction History on our servers.

You agree that the Transaction History shall also be used by PDS for credit reference agency purposes and may be taken into account when producing your individual credit score which may be shared with other organisations as part of your credit record.

You acknowledge and agree that when we, PDS or PDS's service providers access and retrieve information and Transaction History from third party sites, this is undertaken as your agent, and not the agent on behalf of any third party (including the bank account provider). You should be aware that third party account providers shall be entitled to rely on this authorisation and agency granted by you. You should also be aware that this service is not endorsed or sponsored by any third party bank account providers. We would recommend that you refer to the terms and conditions of your internet banking provider if you would like more information.

You understand that allowing us to review your Transaction History is at your sole risk.

We are only able to review your Transaction History on an "as is" and "as available basis" as it is made available to us by service providers. It may not be available to us from time to time.
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