Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Lenders always promise to be discreet about getting in touch with employers, but some borrowers understandably remain nervous about this. This guide covers the issue and lists lenders’ policies on this subject.
Discover lender policies on speaking to applicants’ employers.
It’s understandable that you wouldn’t want other people knowing your financial affairs, especially when you’re in difficulty. Payday lenders generally promise to be as discreet as possible when contacting an employer. Typically, the lender will call the main contact number to verify your employment.
If your employer has an HR department, the payday lender should be passed to this department. HR professionals are used to dealing with sensitive confidential issues like this, so you should be able to trust them to deal sensitively with any information revealed. If your employer doesn’t have a dedicated HR department, the call may be forwarded to the person who deals with your HR issues within the business.
Even if the full details of your loan were revealed, this shouldn’t have any impact on your career.
If your lender claims it may contact your employer, there is little you can do to stop it other than refuse to take out a loan in the first place.
If you’re that concerned about your employer finding out about your loan, choose a lender that says it won’t contact employers. You can find out a lender’s stance on this via its website or customer support team.
You might also consider borrowing money from an alternative source such as the following:
It’s understandable that you’re a bit edgy about payday lenders calling your employer, but if lenders keep their promises about respecting your privacy, there should be nothing to worry about. If you want to avoid this phone call, choose an alternative lender or alternative source of credit.
If you need to cash a cheque, it may take up to 3 days to clear it with a bank. Cheque cashing services give you immediate access to your money.
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