Borrow up to £700 - cash personal cheques is quick, simple & reliable
Use as a pay day loan, short term loan or cheque book loan
Get the credit you deserve!
Cash personal cheques - Turn your own cheques into cash
Every £100 cheque gives you £85 cash. Its easy to apply. High acceptance rate.
Eg. Send in 3 x £100 cheques = £255 cash; 4 x £100 cheques = £340 cash; 5 x £100 cheques = £425 cash.
Money transferred into your bank account the same day your cheques arrive.
England & Wales only. Express payout. Many satisfied customers.
A simple way of obtaining a pay day loan, short term loan or cheque book loan - here's how
Step 1 Apply Online Step 2 Wait for email reply or phone 02380 585011 Step 3 Supply information as requested then await approval to post off cheques
Cash in your account
All cheques and copies of documents sent are held securely.
Take the loan out and repay at next pay day or request to leave the cheques un-banked and pay monthly at
£20 on account per £100 cheque (or pro-rata for the first month and the balance in the final month*).
Typically the maximum term where the cheques are continuously un-banked is 8 or 9* months.
Interest is charged daily at 0.8% on the amount advanced up to a maximum amount
never exceeding the amount advanced.
You may settle the loan at any time by requesting a settlement quotation. Interest charged is time dependent.
Cashing personal cheques with delayed presentation is a popular way of raising money.
Many people cash personal cheques. Used by thousands of customers throughout England & Wales, you'll find it
a simple and reliable way of borrowing over a short term.
8 No bank or work contact 8 Quick and easy application 8 Minimal paper work req 8 No 'roll ups'
8 Safe and secure 8 Good or average credit history considered 8 Thousands of satisfied customers since 1991
Southampton Cheque Exchange
54A, Portswood Road, Southampton SO17 2FW 02380 585011
Warning: Late repayment can cause you serious money problems.
For help, go to www.moneyadviceservice.org.uk
Transparency and fair treatment of borrowers principles
A high cost short term loan is not suitable for sustained borrowing over a long period and is expensive relative to
other forms of credit. We do not target borrowers who may be vulnerable by virtue of their current or past
indebtedness, age, health or disability or any other reason.
The representative %APR is 1221.50% fixed. This is based on a tendering a £100 cheque, drawing down £85
and repaying 30 days later (see t's and c's for method of calculation).
The APR will be considerably higher if (a) the period from draw down to repayment on the next pay day is shorter
than one month; (b) repayment is made after making one or a series of monthly fees after the first pay date and
up to month 4; (c) repayment is made in part or in full; (d) the account falls into default and charges are added;
(e) change of payment date; (f) the account is subject to rollover, arrangement, or repayment plan.
New advances from Jan 2nd 2015 - Implications of non payment and default - a cap of £15 applies.
(Previous fee scales apply for existing accounts taken out prior to this date).
Collection practices will mean trying to resolve a default using a simple reminder to instructing court action.
A default will impact on your credit score as non payment is recorded at the credit reference agencies.
Renewal policy is not applicable to this product.