In essence, the more information the better. For LTD companies the business needs to have been incorporated in the UK and all businesses will have sufficient revenue income to cover interest repayments. Finally, we carry out a credit check on the business as part of our sophisticated underwriting system.
Just Cashflow is only interested in lending to businesses that we believe can afford a flexible funding solution without undue financial stress.
How does the application get approved. Our Customer Account Managers will review all cash flow projections and management accounts.
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Explain you cant pay your debts and need to stop the direct debits going out of your account. Say you have tried to talk to the lenders, but they wont listen, so you need your banks help.
This will stop all direct debits going out of the bank. There are some sample what banks are best for personal loans letters on this site you can also use to send off to them as well here. I would also advise you to go to another bank and ask for a basic bank acc, just a cash card that you can put wages in and pay essential bills with like gas and electricity.
Obviously keep details of this new account away from all your lenders. So now you should at least have all your wages back in your acc every month.