What are they?

Whilst it is said our economy is taking a ‘down turn’ or that we are about to experience a ‘credit crunch’, there are still sufficient avenues to explore should you need a UK cash loan whether you have a first rate, tarnished or non-existent credit score.

UK cash loans are easy to apply for and there are plenty of providers out there competing for your business, so shop around and find the type of product and interest rate that meets your needs.

A UK cash loan could come in the guise of a payday loan, where you borrow funds until your next payday - or in some cases extend the repayment period for an agreed fee. Alternatively, you may need to borrow more money over a longer period of many years. If this is the case an unsecured or personal loan may be more appropriate.

Perhaps neither option would be suitable for your circumstances. Then borrowing against your car may be an option. A logbook loan would enable you to do this and to pay the funds back over up to a year.

Everything Financial recommend the following three options of obtaining a cash loan online.

Compare No Credit Check Payday Loans
Compare Bad Credit Unsecured Loans
Compare No Credit Check Logbook Loans

Pros

Any of the borrowing options for the three UK cash loans have their individual advantages. A payday loan or logbook loan wouldn’t involve any type of credit check. Acceptance would be solely based on your ability to prove that earn enough to meet the repayment schedule. An unsecured or personal loan would generally be offered an acceptable credit check and would provide you with the protection of the Consumer Credit Act 1974. With this type of lending you would also be able to elect to take out a payment protection policy to cover you should you be unable to meet your loan repayments due to redundancy or illness for example.

The interest rates on the payday and logbook options are high. With some lenders you can expect an APR exceeding 1300% for a payday loan - this loan is only taken over a very short period so in reality you won’t be paying back this amount of interest. The payment protection offered with an unsecured or personal loan will increase the monthly cost of your borrowing - it’s possible that you’ll pay interest on the insurance costs too. A poor credit rating will impact on the cost of your borrowing as you will be considered a higher risk and as such be charged a higher interest rate for an unsecured loan. Early redemption fees may be unavoidable if you wish to pay off your personal loan earlier than the agreed end date.

 Do You Need Cash Today Up To £1000?

If you need a short term cash loan with no credit check carried out, no paperwork to sign, 100% completed online then compare the leading payday loan lenders under no obligation here.


Do You Need An Unsecured Loan Even If You Have Bad Credit?

If you have a bad credit history but need an unsecured loan to be repaid over longer periods there are lenders that can accept your application based on it merits click here.


Do You Need A Credit Card But Have Been Refused Elsewhere?

If you have been refused for a credit card there are cards designed for those that need to build their credit or have never had a card or even if you have CCJ's, defaults and arrears.