Payday Lenders No Brokers UK

Today, more and more people in the Uk are choosing to borrow loans from direct lenders rather than using a broker. Direct lenders can be of big help when you’re trying to get a short term loan for your financial needs. However when looking for payday lenders no brokers UK, it’s important to learn everything about this option to make an informed decision. But first let’s understand what payday loans are.

What are Payday Loans?

Payday loans UK are small, short term, and unsecured loans that are offered to the UK residents with a steady flow of income. The repayment period of these loans is usually a few weeks and borrowers don’t need collateral. While payday loans can have high interest rates, they can be a quick way to get money for your needs.

While you can always apply for a payday loan at your bank, it may take weeks or even months before your loan is approved. Also, a bank may ask for collateral to secure your loan which may be riskier should you fail to repay your loan. This is actually one of the biggest reasons why most UK residents are using direct lenders.

Why Use a Direct Lender?

A direct lender deals one-on-one with its clients without a middleman whereas a loan broker is a middleman that helps borrowers to find the best loans for their needs.

In the past, you needed a broker to help you get a loan, but this isn’t necessary today. You can now visit the physical offices of the lender and apply for a payday loan manually or use their online application form which is much simpler and more convenient.

Faster Approval of Your Loan

When you choose payday lenders no brokers UK, you won’t have to worry about waiting for a few weeks or months to get your loan approved and deposited in your account. You can get an emergency than needs urgent money. With direct payday lenders UK, you can have your loan approved instantly or in a few hours, which makes it easy for you to take care of your emergency expenses without delay. Going through a loan broker may slow down this entire process, but this depends on the broker you choose. For instance, with a broker such as BadCreditSite, your loan can even be approved even within 15 minutes!

Get A Cheap Payday Loan Faster

BadCreditSite isn’t a direct lender but a loan broker. However, you will find our services quite helpful to you. We a leading loan broker in the UK with sophisticated software that helps you search the market for the best payday loan to suit your needs. There’s no charges for our services and getting a quote won’t affect your credit score. Visit badcreditsite.co.uk today to get a free quote!

Short term loans

Short-Term Loans for Bad Credit

Are you a UK resident and looking for a short-term loan? We may be able to help you find out if you’re eligible for one through our panel of lenders. At Nowloan.co.uk we aim to help customers who may have an imperfect credit history find a lender willing to lend to them based on their individual circumstances.

What is a Short-Term Bad Credit Loan?

A short term loan for bad credit would simply be a short term loan from a lender that’s willing to lend to individuals with a less than perfect credit history. A short term loan is a loan which is typically paid back within 3-12 months. It’s possible that some of the lenders from our panel could lend to you despite having an adverse credit history, as long as you can afford to make your repayments.

Is a short-term loan bad credit the best solution for me?

A short-term loan for poor credit is useful if you need to resolve a sudden and unexpected crisis, such as a broken pipe or car repair. If your poor credit score is preventing you from accessing traditional finance, then a short-term loan search through our site could be worth investigating. 

Nowloan can help you locate lenders, who may be willing to lend to you. Our software will search through our panel of lenders to see if there are any products that would be beneficial to you based on the application you submit. If lenders return positively with a decision, then we’ll display your options in a comparison table for you to review.

What do I do if I want to take the loan?

If you’d like to apply with any of the lenders we’ve matched you with, then click on the link provided to be redirected to that lender’s website. Whilst completing the application directly with your chosen lender, they will carry out their final checks, including a hard credit check. If approved, the lender will then organise a transfer of the funds to your chosen bank account.

Why Choose Nowloan.co.uk

We understand that people with imperfect credit histories also have financial needs and need a lifeline from time to time. That’s why we have partnered with a panel of lenders who will consider applicants who can afford to repay a short term loan, even if their credit history is less than perfect.