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Should I make a payment every month?

Yes, you should. While a balance remains on your loan it serves no purpose to skip payment for 1 or more months. Based on how we calculate the monthly due amount this will only cause your minimum obligation to increase and it is best to keep it as low as possible.

However, due to expensive transfer rates from certain countries to the UK it may, in certain circumstances, be better to pay less frequently than every month and thus save on transfer rates. If you are paying from a country where this is the situation, please contact us at payments@prodigyfinance.com to discuss your situation.

Payments not received by the end of the month will incur a late fee of EUR / USD / GDB 25.

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