1
Apply
2
Decision
3
Income
4
Checks
5
Information
6
Agreement
7
Employment
8
Esign
9
References
10
Statements
Step 1 Start your Application
Please enter your email address and choose a password to begin your application
Are you a home owner *
No
Are you living in the property you own? *
No
Is this a joint application *
Step 2 Applicant Loan Details
Step 3 About You
Step 4 Employment Details
Include monthly salary, benefits, other provable income.
Step 5 Your Address Details
Add Address (3 years address history required) *
Add Address (3 years address history required) *
Add Address (3 years address history required) *
Add Address (3 years address history required) *
Step 6 Your Property Details
Step 7 Finally
You must read the Terms & Conditions to continue *
These are important, please don't just click accept
I agree to a soft credit search *
Q. What is a soft credit search?
No

Terms & Conditions

Please read the below information and confirm you have understood by clicking the button at the bottom of this panel.

USE OF YOUR INFORMATION

Please scroll down and read all the information in this notice.

What we will do when you apply:

We will search your record at credit reference and fraud prevention agencies, which will include information about anyone with whom you have, or have had, joint personal financial arrangements such as joint accounts or have made joint credit applications (a "financial associate"). It may be your spouse or partner (not a business partner). We may also, in certain limited circumstances, if you are a director or partner in a small business check on your business.

If you give us false or inaccurate information and we identify fraud, we will record this with fraud prevention agencies. Law enforcement agencies may access and use this information. We will use a scoring or other automated decision-making system to assess your application and to verify your identity.

What the credit reference agencies will do:

Whether or not this application proceeds, the credit reference agency will place a record of our search on your credit file, but will not record the application decision. This record (but not our name) will be seen by other organisations when you apply for credit in the future. A large number of applications within a short period of time may affect your ability to obtain credit.

Whether or not this application proceeds, the agencies will link your records and those of your financial associate(s), including any previous and subsequent names. These links will remain on your and their files until you or they tell the agency you are no longer financially linked and the agency accepts this. The agencies will supply us with credit information, such as previous applications, the conduct of accounts in your and your financial associate's name, fraud prevention information and public information such as County Court judgments, bankruptcies and the Electoral Register.

Alternative loan

Should you be unsuccessful in your application, Evolution Money Ltd may be able to provide you with an alternative loan and may call you to discuss it.

Tick the box if you do not wish your information
to be passed to Evolution Money Ltd.


How we and others use the agency information:

Some information held by the credit reference and fraud prevention agencies will be disclosed to us and other organisations to, for example:
  • prevent fraud and money laundering, for example by checking details on:
  • applications for credit or credit related activity;
  • proposals and claims for all types of insurance;
  • job applicants and employees.
  • recover debts that you owe and trace your whereabouts;
  • manage credit accounts and other facilities;
  • verify your income and expenditure;
  • verify your identity;
  • make decisions on credit, insurance and other facilities, about you, your financial associate(s), members of your household or your business
  • carry out checks on your property to prove ownership and valuation; and
  • carry out statistical analysis to help with decisions about credit and account management.
We and other organisations may access and use, from other countries, the information recorded by fraud prevention agencies.

Please write to the Head of Compliance, Progressive Money Ltd, 9 Portland Street, Manchester, M1 3BE if you want details of those credit reference and fraud prevention agencies from which we obtain, and to which we pass, information about you. You have a legal right to these details.

You have the right to receive a copy of the information we hold about you if you apply to us in writing. A fee will be payable.

If you have supplied an email address or mobile telephone number we may use these to provide you with information about your account.

Marketing

We may use your information to tell you about our products and services by letter, telephone, email or text message.

We may also use your information to tell you about the products and services of third parties which we think may interest you.

If you do not wish to be contacted in this way please write to Customer Service Team, Progressive Money Ltd, 9 Portland Street, Manchester, M1 3BE, e-mail us at customer.service@progressivemoney.co.uk.

Need help?

Having trouble with your application or something not working?
Please call our friendly support team on 0161 814 9398.

Frequently Asked Questions

What is a soft search?

A soft search is also known as a 'Quotation search'. A quotation search leaves a soft footprint on a person's credit file rather than a hard footprint that would be left by a full credit application. A soft footprint does not affect a person's credit score and allows the customer the freedom to shop around without the worry of affecting their credit worthiness.
We complete a quotation search on every application so that we can make a credit decision for you.
Prior to funding your loan, we will complete a Full Search which is also known as a 'Hard search' so that we can leave a footprint on your credit file so other lenders can see that you have made a full credit application, which will affect your credit score. We will only do this once your loan has been fully approved and the money is ready to be transferred to you.

Are there fees included with this loan?

There are no upfront fees with this loan, therefore you will not be charged to make an application.
If your loan is successful and you want to go ahead with the loan, there are two fees included in our loans. The first fee is a £390 administration fee which is for the set up and administration of your loan. The second fee is an acceptance fee of 10% of the loan value. This is for the marketing costs associated with your loan.
Both fees can either be included in the loan which means that you include the repayment of these across your monthly payments. This will result in borrowing more, therefore increasing the amount of interest paid and the total amount repayable.
Or you can pay the fees as part of your first payment. In this case, please note that your first payment may be considerably higher than your reoccurring payments.

What documents do you need from me?

When applying online, we use data that you supply us with and check its authenticity through 3rd party applications as described in our online Terms and Conditions. If you pass our online checks, you will need to upload or send us consecutive 30 days' worth of bank transactions on all your active bank accounts. We will review your bank statements so that we can assess your income and expenditure and make sure that the loan is affordable for you.
In some cases, we may ask for further documents from you to support your application, but we will contact you as and when these are needed.

How do I send my bank statements to you?

Once you have passed our online checks, you can either upload your bank statements to your online application using the upload facility or you can email them to customer.service@progressivemoney.co.uk or post them to Progressive Money, 9 Portland Street, Manchester, M1 3BE

How long will it take to get my funds?

Once you have successfully completed an online application and passed all our online checks, we then need to do some final checks using your bank statements and providing we don't require any further information we aim to release the money within 72 hours, however we cannot guarantee this.

Can I make overpayments to my loan?

Yes you can. If you make overpayments, the overpayment amount goes straight to the capital of the loan which will reduce the overall length of the loan. Your contractual repayment will stay the same until the loan is paid off.
Please note that if you are in arrears, any overpayments will be used to brings your arrears back up to date.

Can I pay my loan off early and are there any charges?

Yes you can. During the early stages of a loan most of your repayments goes towards the interest, and only a small proportion of the monthly payment goes towards paying off the capital. On settlement, you will pay interest up to the date of settlement plus 1 additional month's interest. Details of payment to settle the loan must be requested by contacting our Relationship Management team by email: collections@progressivemoney.co.uk

What happens if I miss a payment?

Where payments are made after the due date, daily interest will be charged on the outstanding balance until the payment is received.
Any missed monthly payment may incur a collections charge of £12.
Also, any cost in collecting the arrears may be passed onto you because of our activity in collecting the overdue payment. Details of this can be found in your loan agreement.
Please also remember that missed payments will also show on your credit file, this may make it more difficult to obtain credit in the future and can affect your credit score.
If you have failed to make payments, we may take legal action to recover the monies owed to us. This action could include a County Court Judgment, an Attachment of Earnings Order or Charging Order on your property. A charging order means the debt is effectively secured against the property and must be repaid if the property is sold before any proceeds are received by you.

How do I consolidate any existing finance?

If you are consolidating any existing finance you will need to supply us with your creditor account details and full settlement amounts for each creditor you want to consolidate. As a responsible lender, at the point we release the funds, in most cases we will make direct payments to your creditors or send you a cheque to forward on to your creditor to settle the account.

Please note that we do not do partial consolidations, and any debts you wish to consolidate must be settled in full.

We need to make you aware that if you are looking to consolidate other debts through the loan with us, whilst the monthly repayments may be lower you may be paying a higher rate of interest and extending the term of your loan which would mean that you pay back more in the longer term.