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Cash Genie UK Ltd Terms & Conditions.

The terms and conditions set out below, form part of the Consumer Credit Agreement between us, being Cash Genie UK Ltd and you.

Terms & Conditions

  1. The services of Cash Genie UK Ltd are for U.K Residents, who are 18 years, or over and in employment and earn at least £500 per month. You agree that you fulfil these stated criteria.
  2. You agree that Cash Genie UK Ltd are authorised to use Credit Reference Agencies, Fraud Prevention Agencies or any other information that may be available to make a decision to lend to you.
  3. By agreeing to these terms and conditions, you agree that you are not in a debt management plan, entering into a trust deed, bankruptcy or an Individual Voluntary Arrangement or any kind of formal or informal debt management plan.
  4. As any loan / finance / funds are lent to you for a period of one month or less, if you enter into any of the terms mentioned in clause 3, you agree that the repayment of the loan will fall outside of any debt plan, trust deed, DRO, IVA or Bankruptcy and will be due to be repaid immediately and before entering any of the above.
  5. You agree that you are in full time employed work on a P.A.Y.E basis, not self employed, not currently on any sick leave, maternity leave, paternity leave, adoption leave, or any kind of unpaid leave. You also confirm that you are not under any notice of redundancy, any disciplinary action that may cause your employment to be terminated and that you have not or do not intend to resign from your place of work before any outstanding balance that you may have with Cash Genie UK Ltd is repaid.  You agree that when verifying your application we can perform a discrete check to confirm your employment.
  6. An offer in principle may be made upon applying for this loan. Further checks may be necessary and we may decide to offer you a lesser amount than you have applied for or after an offer in principle is made, we may decline your application at our discretion and you agree that we do not have to give a reason for our decision except that in the event that our decision is based wholly or in part on information obtained from a credit reference agency we will advise you of this and provide you with contact details for the credit reference agency.

  7. You agree that you will notify us immediately if you change any of the following details or if they become at anytime incorrect and you furthermore agree that you will provide us with new and / or alternative details for:

    • 7.1 Your residential address.
    • 7.2 Your home telephone number.
    • 7.3 Your mobile telephone number.
    • 7.4 Your email address.
    • 7.5 Your work address.
    • 7.6 Your work telephone number.
    • 7.7 Your bank account.
    • 7.8 Your debit or credit card or account information that you have provided to us to obtain payment from you.
  8. In the event that we discover that any part of your loan application is or was fraudulent, or that we discover that any part of clause 7 has not been adhered to, you agree that we may at our total discretion require that the Total Amount Payable shown in the Consumer Credit Agreement is repaid immediately.
  9. Payments and Continuous Authority:
    • 9.1 You agree to pay to us the Total Amount Payable on the Payment Date set out in the Financial Information section of your Consumer Credit Agreement. On the Payment Date we will debit your account you have provided to us for payment under your Consumer Credit Agreement with the amount of interest payable under your Consumer Credit Agreement. On the Payment Date you must either call us or log on to your account on line and pay us the Amount of Credit.
    • 9.2 If you would like more time to repay the Amount of Credit, you must call us to discuss this with us. We may, at our discretion, waive our right to insist upon payment of the Amount of Credit on the Payment Date and permit you a longer period of time to repay as set out in clause 9.4.
    • 9.3 If you do not contact us on the Payment Date we will assume you would like more time to repay the Amount of Credit. We may, at our discretion, waive our right to insist upon payment of the Amount of Credit on the Payment Date and permit you a longer period of time to repay as set out in clause 9.4.
    • 9.4 If we waive our right under your Consumer Credit Agreement to insist on payment of the Amount of Credit on the Payment Date, we will grant you an additional month to repay the Amount of Credit. If at the end of that period you would still like more time to repay the Amount of Credit, we may continue to waive our right to demand repayment of the Amount of Credit. We may waive our right to demand repayment of the Amount of Credit for up to 120 days starting with the day after the Payment Date. Interest charges will continue to accrue at the rate set out in your Consumer Credit Agreement on the Amount of Credit. We will collect the interest by debiting the account you have provided for this purpose with the amount of interest charges due on the Payment Date and each monthly anniversary of the Payment Date until you repay the Amount of Credit or 120 days lapses, which ever is soonest.
    • 9.5 If you have not paid the Amount of Credit by the end of 120 days starting with the day after the Payment Date. We will attempt to debit your account for the loan amount and interest accrued. If this is not successful we will then attempt to contact you to set up a repayment plan. If no repayment plan can be agreed your account will be in default and liable to charges as set out in your Consumer Credit Agreement.
    • 9.6 Should any attempt we make to debit interest charges and capital from the account you have provided for payment of sums due under this agreement fail, you authorise us to debit:
      • a. any account the details of which you have provided to us in relation to this agreement or any other agreement you have with Cash Genie UK Limited;
      • the account with the total amount outstanding under your Credit Agreement. If we are unable to recover the total amount outstanding, we will debit the account with amounts in denominations of £100, £50, £20, £10 (including pence of each denomination up to the next £1) until we are able successfully to debit an amount from your account; and
      • c. the account every Wednesday, Thursday and Friday and each monthly anniversary of the Payment Date from you account until all sums due under your Consumer Credit Agreement have been recovered.
    • 9.7 You may at any time ask us to stop taking payments in the manner set out in clause 9.6. You can do this by writing to us at Dalton House, 60 Windsor Avenue, London SW19 2RR.
    • 9.8 Should any of our attempts to debit your account with sums due under your Consumer Credit Agreement be rejected as unauthorised without you first notifying us that you want us to stop debiting your account in the manner set out in clause 9.6 above, we will have the right to add any charge back fee we incur plus an administration fee of £5.00 per charge back fee we incur to the amount outstanding under this agreement.
    • 9.9 You agree that if you apply for a loan and you already have an outstanding balance with Cash Genie UK Limited or any of its trading names such as Payday is Everyday or Txt Me Cash, we may collect the outstanding balance from the account you provide in relation to your application before processing that application.
    • 9.10 If you are experiencing financial difficulty you should contact us at the earliest opportunity. We will be happy to discuss your options with you.
  10. Cash Genie UK Ltd believes in lending and collecting in a responsible manner. We have a clear refund policy which is, we believe, above what is expected or required by our regulators. This policy is available upon request by Telephone, Email or Letter.
  11. You agree that Cash Genie UK Ltd will not be responsible for any charges or costs associated with the refusal at any time to lend to you. We will also not be responsible for any costs you may incur whilst we collect any monies outstanding as stipulated on your Consumer Credit Agreement.
  12. You agree to repay the total outstanding balance no later than the date it becomes payable. If the pay date you have selected falls on a weekend, you agree to make funds available on the Friday before the weekend. In the event that your account becomes overdue, interest at the APR stated on you Consumer Credit Agreement will be charged on the first day that your loan is outstanding and continued on that basis until the loan is repaid before as well as after a County Court Judgment is obtained.
  13. If you default in repaying any loan with us and as it is our lending criteria that any monies lent to you are lent on the basis that you are employed, you authorise us to contact any other relevant parties (such as Debt Collection Agencies, Debt Management Companies or a person(s) or organisation you have authorised us to contact) in order to secure repayment of any outstanding balance, or contact any other relevant parties to confirm any information you have supplied in your application if we believe that the information is false, misleading or inaccurate. You consent to Cash Genie UK or any associated organisation disclosing any details of this agreement or use discreet actions to assist in the recovery of any outstanding balance.
  14. We may, as a result of information that you submit to us, use your personal information in order to verify your identity, service our relationship with you, share the information with fraud prevention agencies, credit reference agencies, debt collection agencies and debt management companies in accordance with our privacy policy. Should you wish us not to share this information with third parties please contact us in writing to opt out. We may share any information we hold on you with our regulator(s), government, judicial bodies, professional bodies or police as required or permitted by any applicable law. We transfer your personal details to any entity which buys our business or your debt from us or assist in the recovery of any outstanding balance. If your account is passed to an external debt collection agency, you agree that we may retain any payment information we hold to attempt payment collections as stipulated in clause 9.
  15. By submitting an application on our website, you agree that we may use the information to contact you from time to time about further offers, promotions, and services or pass information to other carefully selected companies for the purpose of marketing other services or products. You may opt out of this at anytime by writing to us.
  16. The information, content and material contained on our websites may be changed without notice and at any time and you agree that it is your responsibility to view all the contents of the website before committing to any agreement. Such changes will not affect the terms of existing agreements.
  17. We may transfer all our rights or any of our rights under this agreement.
  18. If we do not enforce our rights under this agreement at any time we will not be prevented from doing so later.
  19. If you are domiciled (resident) in England or Wales then English law will apply to the Agreement. If you are domiciled (resident) in Scotland Scottish law will apply. All communications will be written in English.
  20. This agreement is unsecured.
  21. Each item in these terms and conditions and the Consumer Credit Agreement are separate and exclusive clause(s)/clause(s). In the event that any clause(s)/clause(s) are found to be unenforceable under the laws of England and Wales, all other clause(s)/clause(s) will remain in force and will still continue to be legally binding.