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Current Account Plus - Credit Facility

We'll tell you what you need to know about the thinkmoney credit facility. We've covered everything from how to apply, the amount you can borrow and how you'll make repayments.  

Can I use the thinkmoney credit facility through online banking?

We no longer offer Current Account Plus upgrades, as we've replaced them with a wider range of loan options that you'll find in the app. A loan to help with whatever life throws at you Download the app to take a trip to our l…

What happens if I don’t pay back my thinkmoney credit facility on time?

If you’re struggling with your thinkmoney credit facility repayments, or you're unable to repay it on the date set, we’re here to help. Just get in touch with us and let us know you’re having difficulties and …

How do I pay back my thinkmoney credit facility?

You’ll repay your thinkmoney credit facility when you get paid, so it works just like any other bill – we’ll budget for it from the incomes that we can see on your account. Can I repay my credit facility earl…

Will you report to credit reference agencies about my thinkmoney credit facility?

Yes, we will report to the credit reference agencies if you have a credit facility on your account. We’ll also report how you manage your repayments – for example if you pay back on time or miss any payments. That…

Will you budget for my thinkmoney credit facility repayments?

Yes, your credit facility repayments will work just like any other bill. We’ll budget for it from the upcoming incomes we can see on your account. If you want to repay your credit facility early, you can do this through …

How can the thinkmoney credit facility improve my credit rating?

We will report to the credit reference agencies if you have a credit facility on your account. We’ll also report how you manage your repayments on this – so if you pay back on time or miss any payments. If you’…

I have a credit facility, but it isn’t showing up on the app/online, why is this?

We aren't offering Current Account Plus upgrades any more, but that's because we've replaced them with a wider range of loan options. Visit our loans marketplace now, which you can find in the thinkmoney app. Find the loan tha…

Why have you stopped me using my credit facility, I’ve always paid it back on time?

We're no longer offering Current Account Plus upgrades, but that's because we've replaced them with a wider range of loan options. You can now get loans in the thinkmoney app Visit our loans marketplace now, which you can fin…

What will I be charged for using the credit facility?

There is no charge for access to the thinkmoney credit facility. You only pay for the credit facility when you use it. The interest is set at 0.75% per day on the outstanding amount borrowed. This means that if you borrow £…

I need to change the date of repayment, how can I do this?

If you want to set a different date of repayment for your credit facility than the one you agreed to when you borrowed the money, you’ll need to get in touch with us. Please give us a call to discuss this. You can only b…

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