Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

How Much Cash Do You Want?

Borrowing £18,000
+
Interest £700
=
Total To Repay £18,700

Immediate Cash Assistance

What We Provide
Is your credit line not good enough to qualify for a loan from the bank? Do you need cash assistance without complicated paperwork and fast? Great news! We have options that would greatly work for you!
  • Online decision
  • Responsible lenders
  • Apply to borrow up to £3000*
  • Rates From 278% APR – 1576% APR*
  • 3-12 month repayment

What Are Unsecured Loans?

This type of loan is granted based on the borrower's creditworthiness. An unsecured loan requires no asset to pledge as a collateral. Generally, borrowers with high credit score are eligible to apply to a certain unsecured loan. However, there are plenty of unsecured loans that allows borrowers with poor credit to be eligible. One of which is a payday loan.

How Do The Application Work?

Convenient and Secured

The application process goes online. It is easy and simple. All you need to do is to provide your information on an online form. Complete the form and send it back. No worries, your information is processed through a secure channel to ensure that your data is not compromised.

Lightning Fast

You don’t have to wait hours to be approved for the loan. In just a matter of minutes, you can get the results of your application and get the funds you need. No more waiting long lines or beating traffic. Just sit back, relax, and see the funds go straight to your back. No fuss, no hassle.

No Credit Checks

There’s no need for you to worry about your credit line. As long as you’re good on paying back what you owe, our lenders can’t say no. Our trusted and responsible lenders do not do credit checks. Just make sure to pay on time to prevent any additional charges and fees.

There are many reasons why you might want to transfer a loan. For instance, you might have qualified for another loan with more attractive terms or you may have come across some extra cash so there is no more need for you to borrow. If you’re stuck with a loan that you don’t really need, it might make sense to just transfer it to somebody else who might need it. 

Transferring Loans to Another Person During Emergencies

This can be a little complicated since whether this is possible or not would depend on the type of loan that you took out.  If it is a personal loan, it will not be transferrable since it is a loan which approval is hinged on your credit standing. The lender will not approve the transfer because they cannot be sure that the new owner of the loan will be responsible for paying it religiously. 

If what you’re transferring is a mortgage, it is possible to transfer it, especially when you’re selling it to a new owner. There are certain conditions that need to be met though before this can be approved. The mortgage must be assumable and the person assuming the loan will have a credit score that is similar or higher to the current borrower. However, most people would prefer to just start over with a new mortgage instead of transferring it since it can be difficult to qualify for a transfer. Car loans are transferrable too. This could be done either with the same lender or with another one. When doing the transfer with the same lender, just notify the lender so the credit of the new borrower will be assessed. This can mean penalties on your part and the new borrower will have to endure a hard credit check. 

When done with a new lender, the new lender pays the debt off and issue another loan. This will not just cost more but can potentially lower your credit score too and this may be a more favourable deal to the new borrower since the new balance will be lesser, resulting in a more affordable monthly repayment and interest. 

If you plan on applying for a loan, lenders will want to make sure that you are eligible and have the means to pay back what you’re borrowing. Oftentimes, they will set basic lending requirements that potential customers are expected to comply for them to be considered. 

Do You Need A Credit Card To Get A Loan

An integral part of the elements that decide whether you’ll get approved for credit or not is your credit score. A combination of a number of financial details and information, along with your credit history, it is a way for lenders to determine if you have had experience in getting credit before and how well you managed it. 

It allows them to determine if you have been able to responsibly pay back your past debts, which can be a reflection of how likely you will behave if they will ever consider lending you. This allows them to assess your creditworthiness and your overall trustworthiness too to convince them that it will be worth their while to lend you money.

Among the basic requirements for getting a loan include being 18 and having a regular and stable job. Lenders will also prefer if you are earning a good number for your monthly income. Some would require you to have an active bank account too. Often, this is where they will send the funds when the loan gets approved. It is the same account they will usually deduct the repayments later on.

Things To Consider

A credit card is not a requirement for you to secure a loan. However, having one can be a huge help to your credit score. An open line of credit is always going to help bolster your score, provided, that you are spending below 30% of your credit limit. A credit card can add variety to your credit history and if you have been making your payments on time, it can boost your credit profile. While it may not be necessary when applying for a loan, it may be a huge help at increasing the chances of you getting one.