Moolr.co.uk | Short term loans

How To Source A Flexible Loan

If you need to know how to source a flexible loan then you have come to the right place. We take a look at the process, what is involved and the criteria you may have to pass for a lender to accept you for credit.

Source A Flexible Loan – Make your Choice

Consider the following factors to assist you in locating the best flexible loan:
-Determine how much you need to borrow in order to avoid paying more interest than necessary.
How Long Do You Want to Borrow. This is the amount of time you have to repay the loan.

Visit a lender’s website to find out how much a payday loan will cost you. Always be sure you are eligible before applying.

Eligibility Criteria

Payday lenders may be able to help you borrow money even if you have a poor credit history, such as a missed credit card payment from a year ago. To apply for a payday loan, you must meet the following criteria:

– You must be at least 18 years old and work at least 16 hours per week to qualify for a payday loan. – You must be the account holder of the bank account where your payday loan will be deposited.

You will not be qualified, though, if you:

– Have had a CCJ in the previous year – Are on a debt management plan – Have been declared bankrupt in the previous year

If you provide false information about your credit history, it will be discovered throughout the credit check process, and your application may be denied.

Source A Flexible Loan- Application Process

Payday lenders are typically available online and allow you to begin your application right on their website. If not, you should be able to find a visible apply button to click.

When you apply, you must affirm the following:

– The amount you want to borrow.

– The length of time you want to repay it.

You can see the loan amount, the amount of interest you’ll pay over the period, and how much you’ll have to pay back each month at this point.

Source A Flexible Loan – Your Details

Once you’ve decided on a payday loan, you’ll need to provide your personal information to open an account with the lender, which includes:

– Name – Birthdate – Email Address – Phone Number – Street Address
– The total number of dependents

The lender will then ask you to create a password so that you may check in to your account at any time to keep track of payments or borrow additional money in the future.
Finally, specify the bank account into which you want the loan funds to be deposited, as well as the account from which you want monthly payments to be deducted.

The long 16-digit number on the front of your debit or credit card.
Your current account sort code and account number.

One or both of the following may be required:
The long 16-digit number on the front of your debit or credit card.
Your current account sort code and account number.

Source A Flexible Loan – The Wait

The lender deposits the loan funds into your bank account within 24 hours, on average. Most payday lenders deposit loan funds into your account within 15 minutes of acceptance, with some even offering overnight service. If you begin to have financial difficulties and believe you may be unable to make your payments, call your lender right away to explain your circumstances. Here’s how to keep track of your payments.

Rejected?

Inquire as to why your application was turned down by the lender. Examine your credit report for any difficulties you might not have mentioned in your application. Do not apply for another loan until you have identified and resolved the problem.

  No Obligation Application