Response Funding Review |

Response Funding

Last Update: November 4th, 2016

Address: 8 Trinity, 161 Old Christchurch Road, Bournemouth, BH1 1JU.
Branding: Response Funding. AKA: ResponseFunding.
FCA Licence: 670986.
From: Response Funding Ltd.
Launched: 2016 (2009 as Fancy a Payday).
Memberships: Non.
Related: THL Direct.

Product Details…
Bad Credit Response Funding Loans Available?: Yes.
Manage: No Response Funding login at
Offers: Instalment loans.
Opening Hours: Monday to Friday (9am/6pm).
Secure (SSL): Yes.
Sums: £150 to £200 (new) | £500 max (returning).
Terms: 3 months.

The Pricing…
£48 /£200 (30) (early settlement) <0.800%>
£167.04 /£300 (82) <0.679%>

Notes: The example sum of £300 would only be accessible to existing customers. A full 3 month term is provided, but they present no calculator. They show a representative example only over 82 days where the charge is £111.36 per £200 (£55.68 per £100 triples as £167.04).

Additional Info…
Fancy a Payday rebranded in March 2016. They have moved forward using the name of their Limited company. There has been no change with THL Direct. This is their sister-brand that operates on a different credit licence (that of Total Home Loans Direct Ltd). THL only offers first timers £200 and they don’t use SSL. With the featured product, the interest is 0.8% daily, but the rate lowers as it eats into a reducing balance. It is stated that you can contact them if you were looking to settle after a month. If you were to do this then you’d pay at the same level of the cap (£48 per £200). This would have to be done by phone.

They no longer offer small £100 sums that is the ideal amount for anyone seeking a short term clearance. There hasn’t been many further updates from this lender since they changed their identity. It would have been expected to see account servicing rolled out, but they have at least added SSL. They do now offer £500 to returning customers that has replaced the previous limit of £200. The starting amount has increased though. Before the change went through they did used to make workplace calls and we suspected that they required applicants to be aged at least 21. This age thing looks to have passed, but don’t be surprised if they make a call to your place of work.

– 2016 updates have included the rebrand and the amount changes (was £100 to £200 for all) plus SSL. As noted above, there is no confirmation on verification calls, but it is now likely that applicants aged 18 will get the green light.
– For historic changes see the past profile submission.