The Debtor agrees:

  1. To pay as specified, all repayments fees and charges as set out in the loan contract and repayment schedule on or before the date that is due. Payments can be made via direct debit or in cash.
  2. To facilitate any communication with the Creditor and Creditor’s authorised person in relation to the outstanding loan and to notify the Credit Provider at the earlier possible occasion of any changes in financial circumstances that might impact adversely the repayment of the loan.
  3. To maintain adequate funds in the bank account indicated in the direct debit form to satisfy all repayments and default fees charge by the Creditor in order to avoid default fees that might be charged by the financial institution.
  4. That any enforcement expenses will be paid to the Credit Provider that the Credit provider reasonably occurs exercising any right in the event of any breach of this loan contract by the Debtor. The Credit provider reserves the right to recover all money owned by way of legal action in the relevant court or tribunal and seek recovery of the loan, fees and legal costs.
  5. The Credit Provider reserves the right to communicate with Veda Advantage on issues relevant to the provision of credit as described in the Privacy Policy.
  6. The Credit Provider reserves the right to reschedule any defaulted payments at his sole discretion to future dates and undertakes the obligation to inform the customer on these dates by phone call, letter or text message. In absence of any guidance on suitable dates from the Debtor, the Creditor may reschedule payments on dates irrelevant to the paydays of the Debtor or randomly. The Debtor is responsible for any bank fees that might occur as a result of such a practice.
  7. The Credit Provider reserves the right to charge 10 dollars per day as a fee to a payment that was not completed on time.

The Debtor confirms that she/ he   received:

  • The Payday Loan Credit Guide
  • Copy of the Loan Contract
  • Copy of the repayment schedule.

The Debtor confirms that she/ he:

  • Has been advised to seek independent legal advice before entering into this contract
  • Had the opportunity to ask questions and receive satisfactory answers before signing the loan contract.
  • Has the capacity to repay assessed by the Credit Provider and the loan found suitable to his/ her circumstances and he/she has no other outstanding loans with another provider.

 

THINGS YOU MUST KNOW BEFORE YOU SIGN

  • READ THIS CONTRACT DOCUMENT so that you know exactly what contract you are entering into and what you will have to do under the contract.
  • You should also read the information statement: “THINGS YOU SHIOULD KNOW ABOUT YOUR PROPOSED CREDIT CONTRACT.”
  • Get a copy of this contract document.
  • Once you sign this contract document you will be bound by it.
  • It is critical that you remain at all times in contact with the Creditor to ensure that your personal and banking details are updated, repayment dates are in accordance to your circumstances and the Creditor is fully aware of your financial circumstances.
  • You do not have to accept the default insurance, if you choose to accept and you need to default or reschedule a payment you will not have to pay any rescheduling or default fees for the life of the loan.

                                DO NOT SIGN if there is anything you do not understand

 

Terms and Conditions of Direct Debit

I/We hereby authorise PeopleHub Pty Ltd to make periodic withdrawals from the financial institution specified above on behalf of Tilmak Pty Ltd at intervals and amounts as directed by Tilmak Pty Ltd . (Hereafter referred to as “the business”) The administration of this agreement is conducted by PeopleHub Pty Ltd acting as the billing agent for the Business. The services provided by PeopleHub Pty Ltd are administrative to the status of the Agreement and do not extend to the provision of any services or benefits of the Agreement as provided by the Business. This authority shall be interpreted and enforced pursuant to the laws of the state of Queensland. I/We request until further notice in writing to direct debit my/our account described above, any amounts which PEOPLEHUB Pty Ltd, User ID 372248, may debit or charge me / us through the PeopleHub system.

  • 1. The Financial Institution may, in its absolute discretion, determine the order of priority of payments by it if any monies pursuant to this request or any other authority or mandate.
  • 2. The Financial Institution may, in its absolute discretion, at any time by notice in writing to me / us terminate this request as to future debits.
  • 3. The user may, by prior arrangement and advice to me / we vary the amount or frequency of future debits.
  • 4. You are advised to verify account details against a recent bank statement and if uncertain you should contact your financial institution.
  • 5. It is your responsibility to ensure that you have sufficient clear funds in your nominated account to enable the direct debit to be honoured by your financial institution.  Direct debits normally occur overnight; however transactions can take up to three (3) days depending on your financial institution.
  • 6. Any dispute arising from this or subsequent direct debits will be in the first instance directed to the business or PeopleHub Pty Ltd.  If no resolution is forthcoming you are advised to contact your financial institution.
  • 7. We will keep your information about your nominated account at the financial institution private and confidential unless this information is required to investigate a claim made in it relating to an alleged incorrect or wrongful debt, or otherwise required by law.
  • 8. By signing this form I/We agree to give 14 working days notice of cancellation in writing to the business.
  • 9. I/We authorise the Debit User to verify the details of the abovementioned account with my/our Financial Institution.
  • 10. I/We authorise the Financial Institution to release information allowing the Debit User to verify the above mentioned account details.