What they offer

1. Established in 2009, 247Moneybox is an innovative next-generation finance company based in central London.
2. Our goal is simple; we want to provide a more flexible and convenient way to solve short-term money needs.
3. A ‘one size fits all’ model that some more traditional credit providers take can be frustrating.
4. That’s why we take a different approach and make the entire process as clear and transparent as possible.

Lending payday loans responsibly

At 247Moneybox not only are we passionate about technology, it’s what makes us tick; we’re also fully committed to responsible lending. 247Moneybox payday loans are not designed for long-term borrowing or keeping you in debt, but instead are to be repaid in the short-term. If you need to borrow over a longer period there are other, more suitable forms of credit available. Our service is designed to put you in control of your cash flow, for the times when an unexpected bill arrives.

1. Authorised and regulated by the Financial Conduct Authority (673915)
2. Registered with the Information Commissioner’s Office Z9339538
3. Registered with Companies House in England and Wales 05671281
4. Member of the CFA 4566

Important information

Affordability – Our loans provide a solution for your occasional short-term money needs. They are not suitable for supporting sustained borrowing over longer periods, nor if you are in financial difficulties. The cost of our loans can be higher than other types of loans, such as those requiring you to provide a guarantor, which are typically payable over a longer period, so if you do require a longer term solution there are other more suitable forms of finance available elsewhere. We use the information you provide to help us make a responsible lending decision as to whether you can afford to repay your loan without causing you any financial difficulty. See our questions section below for more information.

Continuous payment authority – Please note that we use continuous payment authorities which are not covered by bank guarantees (unlike direct debits). You are able to cancel a continuous payment authority at any time by contacting us. If you do cancel, you will still owe any outstanding debt and will need to provide an alternative method of repayment on the due date. See our questions section below for more information.

In Conclusion

Implications of non-payment – As we report loan information to credit reference agencies, missing payments could adversely affect your credit rating. This may make it more difficult or expensive to obtain credit in the future. We may also pass your account to a debt collection agency or commence legal proceedings to recover the amount you owe. Interest will continue to be added to the amount of credit at the contractual rate on a daily basis until such time as you have repaid what you owe subject to the limits set out in the loan agreement. See our questions section below for more information.

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