Total Home Loans Direct ltd is registered in England and Wales 6752234, Consumer credit licence 611894
THL Direct is a trading name for Total Homeloans Direct Ltd registered office 19-
THL Direct is a trading name for Total Homeloans Direct Ltd.
Your Questions
Here are the answers to a few questions that you may have. If you would like to ask us anything else, please just give us a call on 0845 643 9941.
Q1. What is a Payday Loan?
A1. A payday loan is a short term loan designed to help you in a financial
emergency. The idea of the loan is that you borrow the money you need
and then repay it on your next payday.
Q2. How much does a Payday Loan cost?
A2. A payday loan is charged based on the amount you borrow in that month.
The charge is the same whether you borrow at beginning or near the end
of the month. See our charges page for more details.
Q3. How do I repay my loan?
A3. When you apply for your loan, we will take your debit card details. On
your payday our system will automatically take payment from your card.
Q4. Can I extend the term of my loan?
A4. If you feel that you need your loan for longer than 1 month, you can
apply to extend to your following payday. To do this you will need to
make a minimum payment of the interest accrued, plus a £25 extension
fee. These will need to be paid on your original pay date. Please click here
Q5. What if I can’t afford to repay my loan?
A5. As with all types of finance, failing to repay your loan will result in
serious consequences. Failing to repay could affect your credit history
and legal action will be taken.
DO NOT apply for a loan if you cannot afford the repayments. We will
only lend to applicants if we believe that they can afford the loan
Repayment, however we only have the information you provide us with
to make that decision.
If you already have a Payday Loan with us and think you may have
difficulty paying, it is important that you call us immediately to discuss the
problems you are experiencing. DO NOT wait until your payment is due.