Short term loans uk direct lender
2) Short Term Loans & Personal Loans in UK | The Money Shop
3) Short Term Loans - cashfloat.co.uk
short term loans uk direct lender
Consumers in the United Kingdom who find they are short on cash and need funds quickly often turn to payday loans for assistance. However, many individuals find that obtaining a payday loan has actually led to a whole new set of problems. Thankfully, MoneyBoat offers another option in the form of short term loans. These loans allow for more time to pay back the funds, easing some of the financial pressure the borrower is experiencing and making them more affordable. What do consumers need to know about this funding option offered by MoneyBoat before deciding if a short term loan is right for their needs?
Individuals find they are able to apply for the funds they need in a short period of time, as MoneyBoat uses an online application process. New customers may obtain up to £800 while those who have used our services before can request up to £1500. Where this type of loan differs from the conventional payday loan is payments are made in a series of instalments. This ensures the borrower does not create new problems by obtaining the funds they require, and loans run anywhere from one to six months in terms of repayments. Why are many consumers finding this option to be the better choice?
When a person takes out a payday loan, they only have one or two paychecks to pay the funds back. This leads to additional stress on the individual, as they not only have to meet their regular bills, they also have this new financial burden. We understand how difficult meeting all of these obligations can be for a person and have come up with the short term loan as an alternative.
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Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.
"Short-term" just means that the loan is designed to be repaid quickly or in a short amount of time. Bank loans have terms that normally include repayment plans lasting months or years, and applications for those loans are more detailed. Some companies even offer products called text loans . But it's easier to apply for unsecured loans online than having to leave your home and apply for a loan at a bank. These loans normally have a principal of £1500 or less, † and they’re unique in that they are typically repaid when you receive your next paycheque. They’re engineered for those tight spots that life sometimes puts us in when we need a small sum of money quickly.
At QuickQuid, we've created a short-term loan product perfectly equipped to help customers in need of quick funds. Our online application process is straightforward, transparent, and requires only a UK residency, proof of regular employment with a paycheque, and that the customer be over 18.Tags: short, term, loans, uk, direct, lender,