Representative APR 54.5%.

Loan term lengths from 3 to 36 months. Representative example: £1000 borrow for 12 months. A monthly payment of: £104.65. Total cost of credit:£255.80 based on an APR of: 54.5%.That's a total of: £1,255.80. Rates range from 54.5% to 1294%. The APR will depend on your financial circumstances and loan amount will be subject to lender’s approval. Lenders will perform a soft search to confirm your viability for a loan. If you accept an offer a hard credit search will be made by the lender. Warning: Late repayment can cause you serious money problems. For help, go to Pales Tine Payday Loans is a broker and not a lender and does not make credit decisions.

Short term loans direct lender

What is a direct lender Short term loan

Short term loans from a direct lender is a loan whereby the lender that you submit the application with. They are far more likely to be able to complete an online loan the same day. This is because they are the ones who make the decision about whether or not they can give you a short term loan, they can even help you with an instant £50 loan or offer instant £100 loans. They will make a decision about whether the loan is acceptable and if they think it can be repaid by you comfortably. They need to be assured that you’re going to be able to make the repayments without stressing yourself and it’s not going to be a burden on you going forward. Just because they can do instant loans doesn’t mean they won’t do a credit check. Offering a payday loan with no credit check isn’t possible but payday loans for people with bad credit are still obtainable for some.

Short term loans lender wants to lend you the money but they’ll need to make sure that you’re not going to be in a position where it’s unsuitable to do so. They also need to check that you are a reasonably good financially and that you won’t run you into financial difficulties in the future.

How do direct lenders benefit me over a credit broker

Direct lenders are considerably better than credit brokers because if you’re looking for a very quick cash loan, they can help more. The reason for this is because they’re capable of making a fast decision on their own, they will probably make a quicker decision on a same day loan for bad credit too. This is without needing to go to a panel of lenders. Some direct credit lenders do actually go to a panel of lenders as well to try to find you a better deal but normally if you ask them for a quick decision and the decision then it can be their own loan.

But normally you can get a better rate if you go to a credit broker because he’ll put your application in front of the large panel of lenders which will result in receiving far better interest rates potentially and ultimately if the loans for anything more than three to six months, this is going to be favourable for you going forward and reduce the burden. Direct lenders are far more likely to be able to offer same day loans in the UK.

What are the interest rates like from a direct lender

Interest rates from the direct lender can vary considerably. Most of the variation of the interest itself will boil down to your personal circumstances. They’ll give your interest rate based on your credit rating, but if you’ve got rather checkered history then you might find yourself being a slightly higher risk candidate and receive a high rate of interest but always speak to a direct lender because they specialise in loans for people with bad credit.

It will completely boil down to your own personal finances and what is going on in your own life. If you have a stable job and you’re relatively good for paying bills and debts then borrowing money should be relatively easy for you based on all the published approval rates.

Will a direct lender tell me what to spend my money on

Direct lenders are not interested in what you spend the money on. The whole idea of a payday loan is that it will get you through two or three weeks of life and unexpected costs that you would have otherwise not have. They already know this isn’t going to be some kind of investment when you apply for a quick payday loan, it’s basically a case of paying bills and making sure that you can bridge the gap between now and your next pay day.

Why Use

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  • No need to accept any offers
  • No obligations or upfront costs
  • Bad credit applicants accepted
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  • Honest short term loan service
  • Very fast decisions