1. Our approach
Dot Dot Loans is a credit broker, not a lender. We only introduce you to FCA authorised lenders who must check that a loan is affordable for you before they approve it. Our job is to make the choice clear and free of pressure.
2. A soft search first
When we look for a loan we use a soft search, which does not affect your credit score and is visible only to you. This lets you see what you could be offered before you commit. A hard credit search is only carried out if you formally apply to a matched lender.
3. Borrow only what you need
A smaller amount over a sensible term is easier to manage and to be approved for. Before you apply, think about what you genuinely need and whether the repayments fit comfortably alongside your other commitments.
4. Understanding the cost
Always look at the total cost of a loan, not just the monthly payment. Check the interest rate, the APR, the length of the term and the total amount repayable. Our representative APR is 79.5%, and the rate you are offered depends on your circumstances and the lender.
5. The FCA price cap
Where a loan is high-cost short-term credit, FCA price cap rules apply. Interest and fees are capped at 0.8% per day, default fees are capped at £15, and you will never repay more in interest and fees than the amount you borrowed.
6. If you are struggling to repay
If you are worried about repaying, speak to your lender as early as you can, as they can often help. Missing payments can lead to extra charges and can affect your credit file, so it is always better to act early.
7. Free and impartial help
Free, confidential debt advice is available from several organisations, including MoneyHelper, StepChange and National Debtline. It is always worth checking whether there is a lower cost option before taking on new borrowing.
8. Watch out for scams
We will never contact you to ask for an upfront payment to release a loan. Scammers sometimes pose as us and ask for advance fees. If anyone does this, it is not us, and you should not pay. Please report it to us using our Contact page.
9. Contact us
If you have any questions about borrowing responsibly, contact us using the details on our Contact page or write to PJG Financial Limited.