If you were to take another funding whist one is already active, then please note you will only ever make payments on one advance at a time. As such if you have an outstanding balance when you receive additional funding, you will continue to repay your current advance before you begin making any repayments on the new amount. We do not use the new funding to pay back the old funding.
Also, be aware that if your new advance has a different payment percentage from your current arrangement, your daily payments will be adjusted to this new percentage immediately after the funding is received. This will be outlined in the contract for the new funding.
Similarly, Direct Debit (if applicable) repayment frequencies might adapt to align with the new funding's terms, transitioning from daily to weekly periods based on the agreement in the signed contract.