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Continuous Payment Authority (CPA) Terms

Continuous Payment Authority and how it works

A Continuous Payment Authority, sometimes also called a "recurring payment", authorises to take an agreed amount from your bank account to repay your loan.

We will ask you for the card number from which you wish us to collect your payments.

Continuous payments applied by will always agree with the amount to be collected from you. The first amount is 1 month after the date of the agreement. If you wish to change this date to one that is more appropriate to your needs, please contact us on 0333 577 5000 option 2

We will never apply to take money from your account or vary the amount where you have not agreed on this with us in advance.

What if sufficient funds are not available on the agreed date

If sufficient funds are not available from your account on the agreed date, your card issuer may decline the Continuous Payment Authority request. If your card issuer declines a payment, we will make further attempts to take the payment a day later. If declined again, we may cancel any future Continuous Payment Authority requests and you should contact us to agree to an alternative repayment option.

Cancel Continuous Payment Authority

You can cancel your Continuous Payment Authority at any time simply by telephoning us and asking us to stop the payments. You can also stop the payments with your card issuer.

You will need to set up an acceptable alternative payment method.

Alternative repayment options

Alternative repayment options are available. These include; standing orders and bank transfers. For further details, please contact the office on 0333 577 5000 option 2.


Due to the nature of the transaction, no refunds are given. If you wish to cancel, you must repay the capital and pay the ‘option to purchase' fee and the interest accrued until the date the loan is settled.

Representative Example:

If you borrow £1,000 over 36 months at a flat rate of 84% per annum [fixed] with a Representative 204.2% APR you will make 36 monthly payments of £97.98, making a total amount repayable of £3,592.28 including £40.00 document fee and £25.00 Option To Purchase fee. The total charge for credit is £2,660.00. Logbook Loan repayment length from 18 to 60 months. The maximum APR is 389.1%.

Your log book loan is secured against the vehicle, and missing payments could put the car at risk of repossession.

Warning: Late repayment can cause you serious money problems. For help go to