We all need a little help sometimes. Life throws many obstacles at us, that need navigating before we continue. For some, the help needed is financial. Instant loans with Moolr could help you today deal with one of life’s little emergencies.
Requirements
When applying for a loan on the Moolr site, there are a few requirements that must be fulfilled. First, we ask a number of questions regarding your employment, residential status, income and expenditure alongside your banking details to establish whether an instant loan works as an affordable option.
Alongside these questions, we also ask that you fulfil the following criteria:
Are over the age of 18
A UK resident
In employment
Own a UK bank account into which a salary is paid
Have a valid email and a working mobile phone
Not currently in debt management, individual voluntary arrangement or under any bankruptcy proceedings
Once we’ve taken your relevant details, we give you an instant loan decision regarding your application, and if successful, the money could be transferred into your account extremely quickly, Sometimes this will be the same day.
A Mixed Credit History Is No Barrier
While a bad credit history does not mean lenders will automatically decline you for an application of credit, it does heavily affect your likelihood of being approved. Lenders will be keen to know your repayment history as this will tell them if you are likely to meet your repayments and successfully pay back what is owed. A bad credit score could be an indication you have missed payments. They could indicate a succession of recent applications for credit. The lender may thus doubt the stability of your finances and your ability to meet repayments. Nevertheless, you can get loans if your credit history has not been perfect. Take a no-obligation quote today and see what we can do for you.
What Is A Credit Score?
Your credit score is a short-term snapshot of your current score/rating, as calculated by the relevant Credit Reference Agencies. The score summarises your likelihood of being accepted for credit at any given moment in time. It’s more like a single test, than an overall CV, so it’s that much easier to improve your credit score in the short term with a bit of effort.
A Common Use For Instant Loans
One of the most common examples of an unexpected emergency is relating to car repairs. Studies have shown that UK motorists spend around £400 per year on unplanned repairs to their car. Many people use their vehicles for everyday use such as going to work. For picking up the kids from school or buying groceries. They cannot afford for their car to be out of use. Therefore, applying for a same day loan and being approved can allow borrowers to get the money they need and have their vehicle back on the road in next to no-time.