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.
Apr 17, 2017
If you find yourself in a jam and need access to cash fast, it can be a good idea to consider a payday loan offered by Payday Pug. This is a type of short term loan that most people qualify for right away. This means that you can use this as an alternative option when you have an unexpected expense and do not have enough savings to get you by. However, before you choose this type of loan, it is a good idea for you to better understand what a short term loan like this is exactly and what makes it different than most traditional loans.
Here are a few of the ways that payday loans offered by PaydayPug are so unique:
The main way that most lenders determine if you are right for a loan is by looking at your credit score. This means that if you have poor credit or are looking to rebuild your credit in any way, it can be hard to be approved for a loan. A short term loan is unique in the way that your credit score is not used during the qualification process in any way. This means that your credit score does not matter and even if you have poor credit, it is likely that you will still be approved for a payday loan. This means that you do not need to be worried about being turned down for a short term loan based in your credit score.
The amount of short term loans is also something that is unique. The total amount of a short term loan is typically for a relatively small sum. This means that it is most likely an amount that you will be able to pay back in full ina short period of time.
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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.