Quick Loans launches "Pay As You Warm"

Share Article

Quick Loans has announced that they are moving ahead with a new finance service for people with poor credit called "Pay As You Warm". A unique new service that doesn't credit check its customers but will partially disable boilers remotely if payments are not made on time.

The company says that because of the new way the service works, they are able to offer this to people who wouldn't normally be able to afford new boilers.

The company says that it will partially disable boilers if payments are not paid on time. Quick Loans says that if a customers does not pay on time, the boiler has a special device that will cap hot water at a maximum of 60 Celsius. After two weeks, the maximum temperature of the boiler will be capped at 50c and reduced further until the boiler produces just lukewarm water.

Company spokesman Martin Bishop says that "the new service will bring credit to people who would not normally be able to obtain a new boiler or the savings that would come with it through improved efficiency. Under no circumstances will the boiler be completely turned off remotely should repayments not be made on time because that would be cruel. But being partially decreased to around 30c allows us to remind the householder that the bill still needs to be paid.".

The remote device can be fitted to around 30% of boilers on the market and costs £49 to be added to the standard cost of a boiler. A constant WIFI connection is required for the boiler to continue operating normally.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Graeme Wingate
Visit website