Quick loans (UK)
Quick loans are available from direct lenders to anyone that resides in the UK, is over 18, has a bank account, and can provide proof of income.
They can be a fast way of dealing with emergency expenses that arise, such as dental bills, or vehicle repairs. In fact it doesn’t matter what you want the money for as most of the lenders who specialise in these quick loans in the UK won’t ask. As long as you can meet the criteria we just mentioned you have a good chance of being accepted by them.
While it’s true that quick loans may help you out of a tight spot, and can offer a short term loan solution to financial issues, they could also potentially lead you into deeper waters if you don’t do your homework first. Before you take out a quick loan you should be have a very clear idea of the expected fees, interest rate and repayment schedule. You should also understand the penalties for late or missing payments and be sure that you can afford to pay the loan back without spreading yourself too thin as payday loans can get expensive.
Here we have answered some common questions regarding quick loans in the UK.