Cash loans for £1000 allow borrowers access to funds when they most need them. They are designed to get money to borrowers quickly, so that they can get on with their lives. They are just one of many products sourced by Moolr to help people deal with life’s unexpected costs.
If you’re someone forced to deal with “bad credit” then you might have trouble getting support from financial institutions. you are not alone. Many face this problem constantly. This is especially troublesome when applying for credit cards and loans.
Bad credit scores occur when you miss repayments on your bills or have previous CCJs and bankruptcies against your name. You can even get black marks on your credit history when you apply for multiple loans. Lenders see this and consider you untrustworthy or desperate. Hence why Moolr was set up, to put all the best deals in one place. Apply via us and you will know where you stand.
Importantly, there’s a difference between having no credit, and having bad credit. The former means that you’ve never any kind of loan. This sounds like a good position to be in, but that is not necessarily so. The problem is lenders won’t be able to check your history to see how well you interact with money. On the other hand, bad credit means that you’ve done something in the past that would cause lenders to consider you as risky. This may prevent you applying successfully for further credit in the near future.
When applying for a cash loan, you inform the lender the amount of money you need. They analyse your application. Then they tell you how much interest they will expect you to pay to borrow that money for the agreed time period chosen by you.
The FCA has capped the amount of interest that can be placed on a payday loan. This ensures that you will never have to pay more than £24 for every £100 you borrow from a payday lender.
Apply via our site and we will present you a no-obligation quote. We will not pressure you to proceed. The form itself is extremely easy to fill in. We just ask you some basic questions about your employment status, when you are paid and of course some personal information about you. Our form is one of the easiest loan applications you’ll ever use and that’s the way it was intended.
Once you have submitted your application form you’ll instantly be presented with a loan offer, if accepted. It will detail the amount and the time period the loan needs to be repaid over. It may or may not be the full amount you’ve requested. Check all the terms and conditions before proceeding. Assuming all is well with the offer you will click to accept and confirm the agreement.
Should you accept the loan the funds will be deposited direct to the bank account which you have specified. Some lenders will send the money the same day. Most will send within a day or so. Then once that is done all that is left for you to do is enjoy your money (and of course pay back the loan in the time specified).