Fast cash loans
Fast cash loans with 6-12 months to repay
Fast cash loans are popular with people looking for a quick boost to their finances.
They sit in the nice middle ground of giving you enough time to pay the loan back without too much worry, and short enough so that you don’t feel like it’s an eternity of endless payments stretched out in front of you, 12 month short term loans are the upper limit of time to borrow though.
What are my options for an urgent loan?
Traditional loans are mainly aimed at people looking to borrow large sums of money to buy cars, mortgage properties, or high priced home improvements such as conservatories and double glazing. The banks will spread the due repayments over a number of years ensuring that they make a nice profit, when you get a short term loan you can repay quickly reducing interest.
So what do you do if you need an urgent injection of cash for a smaller amount?
One solution is to apply for a payday loan, even if you just need a £50 loan. These loans can be applied for, reviewed and accepted much faster than loans from high street banks, and the money can be in your account and ready to be utilised in no time at all, in some cases they are same day payout loans.
Payday loan repayment schedules are usually short term, but longer ones are available and fast cash loans are amongst the most popular.
Which type of loan is right for me?
To answer that, you need to ask yourself a few more questions and be honest with yourself when answering, don’t worry honesty is the best policy as you can get a quick with for people with bad credit.
Let’s start with how much you need to borrow. If you are looking for a loan of more than 2500 pounds, you will probably be better off getting a long term loan from your bank, if you want a £100 loan fast, probably a short term loan from direct lenders would be more helpful.
However if your needs will be met with anything up to that amount, a fast cash loan may be just the thing for you and if you’re in a rush you can get online loans the same day there’s even online loans the same day for people with bad credit.
Another thing you need to think about is what kind of repayment plan is best for you?
There’s no point applying for a fast loan if deep down you know you can’t repay it within that time. It would be much better for you to consider another short term loan but with a slightly longer payback period such as 12 months.
On the other hand, if you can afford it, choosing to pay off your quick loan faster will ultimately cost less, that’s why a UK short term loan might be of interest. You also have to consider your eligibility for this kind of loan. On the plus side, lenders of fast cash loans tend to be more likely to accept loan requests than well-known credit companies and banks, and the application process is much faster, offering instant cash loans in some cases.
If you apply for a fast cash loan today, you will have your answer before you know it, even within the same day with some lenders.
Will my credit score affect my ability to get a fast cash loan?
Your credit score will affect your ability to get any type of loan or credit. When you apply for a loan at your local bank, it starts a lengthy process of in depth checks regarding your credit history, score and general eligibility for financial aid, a short term lender is more likely to give you a loan with no guarantor if you have bad credit.
Sometimes things in your credit file aren’t clear or even sometimes wrong, and you may be asked to clarify them and supply supporting documentation to do so, that’s how payday loans for people with bad credit history works if you’re looking to borrow money in the UK that is.
Obviously this is not ideal if you’re in an emergency financial situation. If for whatever reason you are in a hurry for your loan, a payday loan might suit you better as the whole application process can be completed in a much shorter time and you can get same say loans in the UK.
This is because the credit checks done by lenders of payday loans are not as interested in all the fine details of your credit history so you might be able to apply for a fast loan today even with bad credit.