Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
May 23, 2017
What happens when you have a bad credit history? Banks and other financial lenders will run credit checks on you and if found to be unfavourable, you are likely to be denied the payday loan. A payday pug is not only instant; it does away with the need for a credit check. You will thus not need to get a credit record as a prerequisite to getting a loan.
Credit rating service providers like FICO based in America carry out credit checks for clients for clients before they are approved. A positive credit check basically means that you a good credit rating; a negative one indicates a poor payment history for yours with a possible default.
Many lenders are reluctant to extend payday loans to people. Having knowledge of the fact that one can improve the credit score has led out financial experts to offer you a payday pug with bad credit.
How our financial experts will help you with a bad credit history Once we have an ascertained that you have bad credit record but have met other requirements, we proceed to review your application. The experts will invite you for discussion on how best to manage the payday pug advanced to you. Some of the issues that will be discussed are:
You may not be best placed to know how much you can manage in your financial situation. With our many years of financial expertise, we will advise you on how to manage your loan effectively.
Many people default because they take up payday loans they can hardly manage in their dire financial situations. Our experts will help you determine the best repayment plans so that you only pay what you are most comfortable with. The risk of a default for the paydaypug will thus be reduced drastically.
The other common problem with short term loans is that they have short -term repayment period. When the repayment period comes too close, the borrower is unable to keep up with the loan repayment and therefore, will likely default. Our experts will help you stagger the repayment period to a longer period so that you are able to repay without straining.
After the initial instalment, the subsequent repayments might be too few such that you pay a huge instalment at the end of the month. This might be more than the lender can meet, given the other financial obligations of the lender. We will work with you to ensure that you have many instalments so that you pay a little amount for each one of them. Those with low credit rating get a reprieve since they will be able to meet their obligations without failing.
A payday pug is charged a low -interest rate, making it highly affordable for borrowers. Adopt a pug
We are joining RSPCA to rescue pugs. A pug has short legs and a short nose. This makes it a poor swimmer. Let's show them some love by raising funds.
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Representative example: if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total. Rates from 45.3% APR to 1721% APR. A short term high cost loan should not be used as a long term solution. We are a broker not a lender. We don't charge fees. We don't sell your personal information. We may receive a commission from the lender.