Choose From These 4 Offers:
- Loans for good or bad credit
- Loans from £100 to £20,000
- Repay over 3 to 120 months
- Short-term loans No Fees
- Representative 79.5% APR (fixed) - Rates from 12.9% APR to 1721% APR
Representative Example: If you borrow £1,000 over a 12-month period, your monthly repayment will amount to £116.05. The total repayment sum, inclusive of £392.60 in interest, will reach £1392.60. This example assumes a fixed interest rate of 79.5%.
- A quote has no effect on your credit score
- Completely unbiased results
- Personalised rates and expert advice
- Join thousands of happy customers
- Get the best secured loan available
- Loans for poor or adverse credit scores
- No credit checks, just verify your identity and residency.
- You can apply regardless of your employment status.
- You get your own account number and sort code.
- Pay money in to your account by cash and cheques.
Implications of Non/Late payment/Credit Score
The implications of non-payment of your loan could include adverse details being included within your credit report, which you do not want. This could adversely affect future attempts at securing credit or finance, in addition to further charges potentially being added by the lender.
Where you miss a payment entirely, you will often incur a charge/fee that will be added on to the total amount that you owe. This will all be in accordance with the original terms and conditions outlined before you accepted the loan offer.
Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new re-payment date with you. Do not ignore your lender if there is a problem that you know about.
If you are struggling or think there is a possibility that you will not be able to meet some repayments, Quick & Friendly Loans strongly recommends that you contact the lender in the first instance. The lenders will try to work with you, not against you.
We work with a number of short term loan lenders, all of which have their own practices and distinct loan agreement terms and conditions. The consequences of non-payment can include:
1. Making it more difficult for you to obtain credit in the future or having to pay default charges to the lender due to this.
2. Having to pay more for your credit by extending the term of the loan and therefore the period for which you pay interest.
3. The sending of this information to a credit reference agency. Carefully read the terms outlined by the lender you have been matched with.
If you are likely to miss a payment or have any problems making a payment, you should contact the lender directly to discuss your options as soon as possible.
If you fail to resolve the issues with the lender, then your account may be placed with a collections agency or sold to a third party collections company.
Disclosure of Renewal
We do not make the decision to renew your loan, but this is left to the loan lender you have taken your loan out with.
Each lender have their own specific renewal policies.
We encourage you to read the loan agreement terms and conditions specified by the lender we match you with carefully.
Should you have any questions or if you need to renew your loan, please kindly contact the lender you are matched with directly.
Compliance with Regulations
The operator of this website is not an agent or representative of consumers or any lender and does not endorse the services offered by specific lenders.
Collection Practices
Loan companies know that peoples’ circumstances can alter.
If this has happened to you, you must let your loan company know as soon as possible and they will do their best to come to some kind of suitable arrangement with you.
The most important thing is to not borrow money that you do not think you can pay back.
Some of the loan companies may use collection agencies and you should discuss this directly with the loan company concerned.
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Warning: Late repayment can cause you serious money problems. For help, go to
www.moneyhelper.org.uk/en