What does initial payment mean?
(9 mths ago)
In the agreement and terms and conditions you say about initial payment and initial advance, what do you mean?
FLM Loans (9 mths ago)
The initial advance is the amount of credit (the loan amount) that we are lending you. This will be paid into your guarantor's account, as is our standard practice to make sure they are happy to stand as guarantor, and also to protect them from fraud. For more information about the loan being paid into the guarantor's account click here.
The initial payment is your first monthly repayment to FLM Loans, as agreed on the verbal cotract call. Your first monthly repayment/initial payment to us will be paid on the repayment date you agreed with us.
If you have any specific or personal questions relating to your loan repayments or repayment date, you should email us on hello@flmloans.co.uk