MPP Money Limited: Some important information about your fixed sum loan agreement

Please consider this information and the Pre-Contract Information sheet carefully to help you decide if the loan is suitable for your needs and
financial situation. You can take these documents away to consider before deciding whether you wish to borrow. If you have any questions or
wish to ask us for further information and explanation, please contact us via the details provided below.
Suitability and cost
We offer loans of between 15 and 90 days in duration. We charge simple interest at a fixed rate of 0.7% per day. This is a high-cost short-term
credit product. This high-cost short-term credit loan is unsecured and is suitable for alleviating short-term cash flow problems. Entering into this
agreement would be unsustainable for supporting sustained borrowing over long periods and would be expensive as a means of longer term
borrowing.
Please note this is a rate capped product, which means that you cannot be required to repay in total more than twice the amount you borrow.
For example, if you borrow 100 you cannot be required to pay more than 200 in capital, interest and charges.
Your loan
You have applied to borrow 300.00 for 27 days. You will have to repay a total of 356.70 by a single repayment under the credit agreement,
due on 03/07/2016 (the Payment Date).
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. If you are aware or are
concerned that you will not be able to afford to repay according to the above schedule you should not proceed to sign the loan agreement to
borrow money from us.
You have a right to repay early under the credit agreement. Where you repay early, this may reduce the amount of interest you repay under the
agreement and the overall cost of your loan.
Your loan will be transferred to you by Faster Payments and will normally be in your account within the same day. Please note our operating
hours are 9am to 5pm on weekdays. If your loan is not funded on the same business day funds will be transferred on the next business day.
Repayment
When you enter into the loan agreement you provide us with a continuous payment authority (CPA) to collect repayment from your account
using your nominated debit card. CPA transactions are a form of regular payment, where you provide us with your debit card details and
authorise us to deduct an amount from your account on an ongoing basis until the credit agreement ends. CPAs are different from standing
orders and Direct Debits and do not benefit from protections such as the direct debit guarantee.
We will contact you (via email or text message) at least five (5) days before the Repayment Date to remind you when repayment is due.
On the Payment Date we will make one attempt to collect repayment of the full amount due. If this attempt fails we will make one further
attempt using the CPA on the next day to collect repayment of the full amount due. We will not use the CPA to attempt to collect any payment
at any other time, or to collect part-payment, unless you provide us with express consent to do so.
Where any attempt to recover repayment using CPA fails we will make immediate attempts to contact you by phone, email and/or text message
and find out why you have been unable to meet your repayment obligations. Where two repayment attempts in relation to the repayment fail, we
will not make any further attempts to collect repayment using CPA unless you expressly authorise us to do so. Please let us know if you are
experiencing financial difficulty so that we can explore ways in which we can assist you.
You can cancel the CPA by contacting us by email, telephone or post via the contact details shown below or by contacting your bank directly.
If you cancel the CPA you must ensure that you have made alternative payment arrangements prior to your Payment Date to avoid going into
default (and resulting in the consequences set out below).
Missing repayments (defaulting)
Please contact us if you are having repayment difficulties. If you fail to repay on your Payment Date we may charge you a one-off default charge
of 15 to cover the additional administrative costs we incur as a result. This will mean that you will end up paying more than the total cost of
credit shown above. You will also be charged default interest for the period you are in arrears at a rate of 0.7% per day on any outstanding
balance.

This is a rate capped product which means that the law prescribes that you cannot be required to repay more than double the amount you
borrowed in interest and all other charges. If the total cost of your loan (namely the total value of all interest and charges applied) reaches a
point where it equates to 100% of the amount that you originally borrowed, no further interest or charges will be applied.
We will share information regarding your loan in real-time with multiple credit reference agencies. If you default this will be recorded on your
credit record and may make obtaining credit in the future more difficult and/or expensive. Default may also lead to legal proceedings which may
result in you incurring additional legal costs.
Deferring payment (known as refinancing)
If you re-schedule your repayments under a loan or take out a new loan to repay part of an existing loan and provide you with additional credit
this may mean that you end up paying more and your debt will last longer.
We will only consider refinancing your loan if you ask us to do so and will only permit you to refinance your loan where we are satisfied that it is
affordable for you to do so. We will not permit you to refinance your loan on more than two occasions. If you experience financial difficulty you
should contact us immediately so that we can agree alternative repayment arrangements to assist you.
Please see the FCA high-cost short-term credit Information Sheet, which is enclosed, for further information.
Your right to withdraw from the loan agreement
You have a right to withdraw from the agreement within 14 days without giving any reason. The period of withdrawal begins the day after the
latest of:
i. the day on which the agreement is made; or
ii. if information is provided after the agreement is made, the day you receive a copy of the agreement signed by us and you; or
iii. the day you are informed that the agreement has been signed, that the signed version is identical to the unsigned copy that you already
have and you are informed that you have the right to receive a copy of the signed agreement if you make a request before the end of 14
days beginning with the day after the day on which you receive this written communication.
You can exercise this right by post, email or by calling us using the contact details set out below. If you withdraw you must return the amount
you borrowed within 30 days of exercising your right of withdrawal and with interest calculated on a daily basis from the date you are given the
money to the date you repay us.
Complaints
We are committed to treating you fairly. If you are not satisfied with any aspect of our service please contact us using the details set out below.
If you are dissatisfied with the way we have handled your complaint you can refer your complaint to the Financial Ombudsman Service. For
further information, please see our Complaints Policy and your loan documents.
Free Debt Advice
Debt advice and assistance can be obtained free of charge from several organisations including:
National Debtline, phone 0808 808 4000 visit www.nationaldebtline.co.uk
StepChange Debt Charity, phone 0800 138 1111 visit www.stepchange.org
Citizens Advice, visit www.citizensadvice.org.uk
Direct Legal Service, visit www.clsdirect.org.uk
Money Advice Service, phone 0300 500 5000 visit www.moneyadviceservice.org.uk
Contact details
If have any questions about this explanation, the SECCI or the credit agreement or wish to seek further information or explanation, or to
exercise your right to withdraw from this credit agreement or to cancel your CPA, you can contact us:
Address: MPP Money Limited, Great West House, Boston Manor Road, London, TW8 9DF

Telephone: 020 8326 6702

Email: info@mppmoney.com