Our lives have got increasingly busy. And with the accessibility of apps and digital platforms in the palm of our hands 24 hours a day, seven days a week, our expectations from the companies we interact with has shifted. We want and need more from them, faster. As consumers and financial services customers, we’ve become accustomed to the instant gratification of a 2-hour Amazon delivery, the Uber convenience of a car at our door at the touch of a button and even the most traditional of our banks and building societies can transfer cash across the world in an instant, often whilst we’re on the go, straight from our phones and tablets. Good customer experience is everything.
Online loan providers are doing a great job keeping up with these consumer demands, providing:
- fast access to borrowing
- quick and easy applications and
- slick loan pay out processes, often same day.
Yet it’s important to remember that whilst accessibility and speed of turnaround is important, so is carrying out suitable income and affordability checks that make sure any lending decision is in the customer’s best interest.
Lots of these processes and checks however, have been automated, which means when you apply for an online loan, you can often get a decision in minutes, not hours.
When you need a loan, fast.
There will of course be times when you do need access to instant cash, perhaps in a crisis or if you are looking to make a major time sensitive purchase. A few examples are:
- A home emergency
- A travel emergency or vehicle breakdown
- An urgent / surprise bill due to be paid
- A business crisis that needs funding
- A large purchase deal with a discount about to expire
Loans funds in your account, same day.
There are a number of different options that consumers have available to them when they need to borrow money in a hurry. These include:
- Guarantor Loans
- Personal Loans
- Payday Loans
- Installment Loans
- Credit Card advance
- Emergency Loans
- Bad Credit Loans
What is a Guarantor Loan?
A Guarantor Loan is a type of credit that allows a trusted family member, friend or colleague with better credit rating to co-sign a loan endorsing an applicant with an impaired credit rating. The loan being guaranteed by the Guarantor allows the main borrower to access more affordable borrowing, often at a much better interest rate than if they were seeking a bad credit loan direct. If the main borrower is ever unable to pay throughout the loan term, the lender will seek repayment from the Guarantor.
The Guarantor must be:
- financially independent of the main applicant
- over the age of 21 but under 75
- a UK resident
- hold a UK bank account
- have a UK debit card
- Have an income from employment, self-employment or benefits
Guarantor Loans can be applied for quickly and easily, with instant payment to your bank account once the loan has been approved by the lender. With less focus on the applicant’s personal credit worthiness and more emphasis on the co-signer, an applicant with poor credit has a much better chance of being accepted, fast.
How much can I borrow with a Guarantor Loan?
Instant Guarantor Loans can be used for any purpose. From small purchases – for example meeting the cost of a new term’s school uniform… all the way through to large purchases like replacing broken business equipment or funding a brand new car.
Features and benefits of borrowing include:
- Borrow from as little as £500, all the way up to £15,000
- Choose a repayment term that suits you
- Early settlement is possible, meaning you can reduce the cost of borrowing.
If you have poor credit and need access to cash quickly, a Guarantor could be the answer you’ve been looking for. Start your quick and easy application online now.
What are Emergency Loans?
We’ve all faced a financial crisis in our lives, where we’ve needed to get our hands on money quickly, but want to find the best loan rate possible to keep our monthly repayments and total cost of borrowing down.
An emergency loan can be a lifeline in these sorts of troubling circumstances and provide a fast resolution to your problems. With a quick and easy application process, a rapid loan decision and fast payout direct to your bank account, the funds can be in your account within as little as 24 hours from first application to loan approved.
How much can I borrow with an Emergency Loan?
Our emergency loans are designed to help you cover the little crises in life – like a burst pipe or replacement washing machine. Or the bigger life events like funeral costs or legal bills. You can choose to borrow as little or as much as you like, as long as you meet the lender’s minimum borrowing criteria for applicants.
What are Bad Credit Loans?
Think you can’t access an unsecured loan due to a poor credit history. Think again! With access to a panel of trusted online lenders, there are number of different options available to people with adverse credit. Choose to borrow as little as £100, all the way up to £15,000 for any purpose. Just provide us with a few personal details about yourself and we’ll search for a lender that matches your credit profile.
Once you receive an offer in principle, your loan can be paid to your account same day, often within minutes or hours by BACS payment. Leaving you free to get back to your day.
Improving your credit score
If you’d like to take steps to improve your credit score, start with these following steps:
- Never missed a debt repayment
- Check your credit using Experian, Equifax or CreditScore and correct any inaccuracies or
- Register on the electoral roll