Finance for Smart People by
We charge NO Fees at all!
We Provide Short Term Loans To Meet Your Needs
When it comes to resolving financial problems that crop up out of the blue, there is a great deal to be said for short term loans. We aim to direct you to a comprehensive range of loans that can be paid back in the short term. We know that flexibility is one of the most important aspects when it comes to finding realisable financial solutions, which is why we are more than happy to help you find flexibility in paying your loan back.
Depending on how much money you are looking to borrow or what your ability to pay the loan back in a short period of time is, we are here to help you out. Whether you are happy to apply for an immediate loan that is paid back within 14 or 30 days, or you are keen to obtain 3 month or 6 month loans, we are happy to help. We are a broker firm and we believe that offering you a loans solution will give you the best opportunity to find the support and assistance you require to find the loan that is best for your needs.
Do you charge me fees when I apply for a short term loan from you? No we charge no fees for finding you a loan, be that an instalment loan, direct payday loan, 3 month loan or any other length of loan.
Get support by choosing the right loan
We believe that coming to us gives you the best range of support. There is no need to waste time or energy in looking around at different sites or employing someone to do so. Some brokers will often charge a fee for their services. We do not charge you anything as we are paid by the lender who provides your loan. We have no influence over which of the lenders will accept your application for a payday loan or instalment loan.
Dealing with us provides you with benefits
When you come to us for your loan, you can rest assured that we will give your application the attention it deserves. When people apply for short term loans, it is usually because they need money in a hurry. This means you want to minimise the amount of steps in the process. The lender we send you to will process your application and when they approve of your application, they will place the money directly into your account. If you are looking for money in a hurry, dealing via a good broker makes sense.
Get more support with a flexible approach to loans
One of the reasons we believe that we are your best bet when it comes to payday and loans in the short term is down to the fact that we are more flexible. We try and pass you to a lender who can give you the flexibility you are seeking, we know that many clients are unable to pay back pay loans within one month, but we don’t believe that this should be an issue. This is why we have lenders who offer payday loans that can be paid back over 3 and 6 months, so if you are looking for further financial support, they are more than happy to help.
As part of the application process, you will be provided with the APR, but the lender will also tell you how much you need to pay back and when. A 6 month loan will be more expensive than a short term option or a 3 month loan because there is a longer time period to consider. However, this style of loan provides the client with a smaller amount to pay back each month, which may well provide the added flexibility and comfort that some people need. We want you to feel confident about taking out a loan and in paying it back, which means we will provide you with all of the information you need before you take out a loan.
When you work with us, our articles and news items and on-screen information will ensure that you know everything you need to know about us and the information you are looking for. We are always happy to speak to our clients and this is another benefit that comes from working with us. We offer support and a contact service which will ensure you can be in touch with us at all times or when you need to speak to us. This means you can apply for a loan with the greatest amount of confidence.
Where is Appleby? Appleby is a famous town in England. It is in Cumbria and is very famous for the Appleby Horse Fair which takes place each year. Further information on Appleby can found by following this link.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
3 month loans and how they work
3 month loans are very different to the older style of lending offered, in the past a consumer looking to borrow was only really offered a loan until their next pay date. Now however there is more flexibility available. With this flexibility comes a greater requirement for lenders and borrowers alike to act responsibly. This is not simply because the product offered by the short term loans market has changed but because years of experience has shown that the old style of lending as well as the way of approving loans was proved to be ineffective for all.
In years gone by the product on offer was considered restrictive because it fundamentally demanded a lump sum repayment. A consumer could apply for amounts up to £500.00 and if approved when then need to repay the total balance on their next employment pay date. Although this product was very straight forward the customer was effectively left with very little option when it came to the terms of repayment. This meant in realistic terms many consumers were borrowing knowing they may not be able to afford it. This is not entirely surprising given the fact that on average a consumer was likely to repay £30.00 interest as a minimum for each £100.00 that they borrowed. In the example of a £500.00 loan, this meant the full repayment due was likely to be in the region of £650.00. For any average wage this is likely to be a sizable amount.
The fact that these repayments were so large meant that many consumers sought assistance from the lenders in turns of an alternative repayment option. The option presented by the lenders at the time were known as extensions. When a customer elected to extend they were choosing to repay simply the interest on the due date, instead of the full amount. Although this provided a form of short term relief to the customer, in the longer term the extension served to quite frankly keep them in a cycle of debt. The reason why this is so is because an extension did not reduce the amount that was owed. Taking the same example as above, a lender would have charged an extension at £150.00 whilst the £650.00 was delayed until the following month. As the years passed it became clear in the media and through the governing bodies that actual the lump sum repayment loans being offered by lenders were grossly unfair. Of course if the product was used as intended and the lump sum repayment made, there were benefits but given most were simply unable to afford these payments, it was clear changes needed to be made.
Through new legislate and greater media criticism the market as a whole has had to rethink the product it offers to its customers. The considerations for change were producing a market which was fair, competitive and flexible. These considerations were brought into force through the offering of instalment based products such as 3 month loans, click here for more information. Unlike anything provided before, these loans are designed to work with the needs of customers and do not concentrate on ‘speed of application’ as being the most important factor. Although for many lenders the application process is in fact equally as quick, the fundamentals of how the applicant is assessed has changed completely. I think the lessons of the past has made lenders of 3 month loans and similar products much more aware of the customer basis they are serving. This is reflected in the product, which gives choice back to the customer but also in how the assessment of customers has become more detailed.
It is now becoming common place for lenders to ask as part of the application process that the applicant provide full and detailed information relating to their current financial circumstances. This means detailing all expenses as part of the application, this could include, rent, food, travel and other financial commitments. This information is then combined with salary details and credit reference file information to help the lender build a more realistic picture of the customer and their ability to maintain loan repayments. In instances where the customer is deemed worthy and that a loan is affordable, it is common that the lender we present several different lending terms, so the customer can choose the option that suits them personally. In other cases where it is clear that in fact the customer is unable to afford a loan of this nature, unlike ever before, it is likely the lender will refuse the application and suggest sources of help instead.
By Sarah Donald