Frequently

Asked Questions

Warning: Late repayment can cause you serious money problems.
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Frequently Asked Questions

What does it mean that you are a direct lender? 

We provide consumers in the UK the funding they need directly, without any “middlemen” that could potentially increase the costs for borrowing.

What does it cost for me to borrow?

Our loans are based on a 0.8% daily rate of interest. We do not impose hidden fees or unexpected interest charges over the course of the loan. Keep in mind that you also retain the flexibility to settle your account balance early. 

How much will you loan me? 

Your first loan is available for up to a maximum of £200. The maximum funds available for future loans may be increased for those who qualify. As a responsible lender, we seek to provide you with the funds that you need without placing borrowers in difficult long-term financial positions. Our underwriting staff will assess your specific financial situation based on key indicators, credit history, and affordability. 

How long are the loan periods?

As a provider of short-term financial solutions, our loans extend for a maximum of three months. If you wish to settle the loan earlier, simply contact us for the settlement amount.   

What if I am unable to make a payment?

If unforeseen circumstances arise, it is important to promptly contact us directly. We will discuss the potential options for managing the balance of the loan that will minimize harm to your credit rating. We strongly discourage considering unnecessary debt repayment schemes from third-parties. 

What is the repayment process?

Typically, your monthly loan payment date will simply coincide with the date that you are paid. The payment is usually paid by debit card.  

How will the repayment appear on my bank statement?

When we take payment by debit card your bank statement will list the payments as "Response". 

On rare occasions we may need to utilise a different payment provider. Transactions under this provider will appear as from "THL".

How soon can I receive the money? 

You may be able to receive your funds the same-day that you apply. 

Is my personal information protected? 

We take your privacy and security very seriously and utilize the latest in firewall and server defense technology. 

Is the company registered?

Response Funding Ltd has proper registration in England under number 7170462. Our authorization number for the Financial Conduct Authority is 670986 with address registration of 55 Cobham Road, Ferndown Industrial Est, Wimborne, BH21 7RB

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