Approved
Reference: 3555494

Important information

Please read the following information slowly and clearly to the customer before continuing

I will now read some important information about your loan. Please listen carefully and let me know if you have any questions. If you require further information, I can put you in touch with the finance company at any time.

  • This credit facility can only be used for the purchase of goods or services identified within the agreement.
  • The loan you are considering is for £1,682.72. You will repay the loan by paying 5 monthly instalments of £280.46 and a final instalment of £280.42. The total amount you will repay under the agreement (assuming you pay on time) is £1,869.69. This is made up of the amount of credit and any deposit you have paid. These amounts are shown in the pre-contract information and in the agreement.
  • It is important that you only enter into the credit agreement if you can comfortably afford the payments and you are not aware of any potential changes in your circumstances that could affect your ability to make the payments in the future that you have not told us about.
  • If you are late paying under the agreement or if you miss a payment you could end up paying a lot more for the loan than you expect to as you will be charged £12 each time your payment method fails and £12 on each occasion where a monthly payment has not been made on the due date for its payment and the monthly payment has not been made in full within 14 days of its due date for payment. Details of all default and other charges payable by you are set out in the agreement.
  • Missing payments could have a severe impact on your finances, including making obtaining credit more difficult as non-payment will be reported to credit reference agencies. It may also result in legal action being brought against you to recover the outstanding debt.
  • If you have any additional requirements to help you manage your finances please let us know either by email at operations@v12finance.com or by telephoning us on 029 2046 8900.
  • A copy of your pre-contract information will be shown shortly. A copy has been sent to the email address you provided for your records. You should consider this information carefully. Only sign the credit agreement when you are satisfied that the loan and the credit agreement terms are right for you.

If you wish to speak to the finance company, their contact details can be found on the Pre-Contract information document.

The process

  • Credit decisionWe refer to a credit reference agency to locate and check the details they have.
  • Identity verificationWe need to validate the identity of our customers to reduce the risk of fraud.
  • Important informationWe need to provide some important information regarding the finance agreement.
  • Finance agreementFinally, we will present the agreement for review and signature.