Representative exampleYour interest rate for purchases is 34.95% p.a variable with a representative 34.9% APR variable if you borrowed £1,200 and repaid it over 12 months
If you’ve had a debt problem in the past, like bankruptcy or county court judgments, aqua advance helps you move on.
If you stay within your limit and make your minimum payment on time, your rate will reduce by 5% each year for three years. For example, if you start with an APR of 34.9%, stay within your limit and make payments in time, it will get reduced by 5% after 12 months. This happens every year for three years, until your rate is down to 19.9% APR.
And all the while, you’re improving your credit rating, by showing you can be good with money.
Failure to make payments on time or to stay within your credit limit means that you will pay additional charges and may make obtaining credit in the future more expensive and difficult. See more on Tips and advice