WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Get the loan you need in your account by 20:30
Representative example: Borrowing: £1,200 Interest: 0.34% per day for up to 75 days (124% per annum, variable) Representative: 49.7% APR (variable)
When a payday loan either won’t quite give you the amount you need in a loan or won’t give you enough time to be able to pay it back, a short-term loan could be a more appealing and functional option. That being said, there are so many lenders available that it can be hard to figure out where you should go or who you should trust to be your best choice.
Additionally, how much should you take out? How long of a term should you allow yourself to pay it back? What if you’re declined and your credit report takes a hit without you actually getting the money you need?
Applying to lenders directly and being rejected could cost you more than just time. If your application is rejected, you could have a note left on your credit file and the next lender might reject you solely based on your past rejection. This can be a vicious cycle and that’s why getting an idea of which lenders might be more likely to approve you beforehand could save you not only time but higher APR’s.