Wondering how to find a good loan company in the UK? Financial decisions are seldom easy to make, especially if you live in the UK and are on a lookout for an ethical lender. As one of the strongest economies in the world, the UK’s financial industry is infested with scammers and loan sharks. While some deceive borrowers by pretending to be lenders and asking for a loan processing fee, there are others who charge very high interest rates and resort to unethical debt collection tactics. So, before applying for a loan, you need to be sure that you are interacting with the right people. This can be done by spending some time and verifying the lender’s details. Doing this requires time and effort because you would have to verify every loan company you wish to apply to. This may not always be possible and therefore, we decided to make things easier for you.
At Money Pig, we help our customers connect with honest direct lenders who have the necessary licenses and permits to operate in the UK. We do this for free because we want you to stay safe from loan sharks and scammers who can ruin your financial future. So, once you apply to us then we forward your application to one of our direct lenders for free. Once you are convinced of the deal offered to you by our partner lender, you can borrow the money you need. Our network consists of a diverse group of lenders who have their individual entry-level requirements laid down for loan applicants having different credit scores. So, our job is to connect you with the most appropriate lender based on your credit profile and we are quite good at it. With a 92% loan approval rate, we can help you connect with a good loan company in no time.
FAQs | How to Find A Good Loan Company in the UK
- How can I find a good loan company in the UK to get a personal loan?
- How to find a good loan company to get a bad credit loan in the UK?
- How to find a good loan company in the UK that does not perform credit checks?
- How do I find out if a loan company in the UK is legitimate?
- How do I qualify for a loan from a good loan company in the UK?
- Can I get borrow loans to consolidate debts from a good loan company in the UK?
- What is the procedure to borrow a car loan from a good loan company in the UK?
- How to find a good loan company in the UK willing to do business with those having bad credit scores?
- Is Money Pig a loan company?
- Can Money Pig help me find a good loan company in the UK?
- How do I know whether I am transacting with a good loan company?
- How do I find a good loan company in the UK offering loans without a credit check?
- How to find good loan companies in the UK to borrow no-guarantor loans?
- Are there any good loan companies in the UK offering loans to students?
- Can I get a loan in the UK from a good loan company without a full-time job?
How can I find a good loan company in the UK to get a personal loan?
There are several banks and credit agencies in the UK that advance personal loans. If that does not seem feasible due to a low credit score or for any other reason, then Money Pig would be happy to assist you. At Money Pig, we partner-up with some of the most ethical direct lenders willing to advance different types of short-term and long-term loans to those with all types of credit scores. So, if you need a personal loan, which is the most popular type of unsecured short-term loan then we can definitely help you with that. As all our direct lenders are licensed and regulated by the concerned authorities, you can be confident about borrowing from a good loan company.
How to find a good loan company to get a bad credit loan in the UK?
If you have a bad credit score but are looking out for a good loan company in the UK, then things are not going to be easy. That’s because most leading banks in the UK reject loan applications based on an individual’s credit score. So, you end up with a loan rejection which can worsen your credit score because banks perform hard credit checks soon after receiving a loan application. Not many people are aware of how deeply these loan rejections can further lower their credit scores but that’s how credit ratings work in the UK. So, we decided to resolve this issue by expanding our network of lenders and including those willing to do business with individuals that have bad credit scores. Also, we have worked out a win-win credit check process with our lenders, which limits the number of hard credit checks performed on loan applicants. So, no hard credit check would be performed on you unless a particular lender’s quote is approved by you and the two of you are likely to get into a loan agreement.
How to find a good loan company in the UK that does not perform credit checks?
Loan companies and lenders that offer loans without credit checks in the UK are scammers trying to rob you and ruin your financial future. No lender in the UK can advance loans without performing a credit check on the borrower and this rule is laid down by the Financial Conduct Authority (FCA). In the UK, the finance sector is regulated by the FCA, and to operate legitimately in the UK, one must possess an FCA license. So, there is no way to find a good loan company in the UK that exempts the borrower from this mandatory requirement. However, if you are concerned about your chances of loan approval due to a low credit score, then there’s no need to worry. At Money Pig, we have lenders willing to take the risk of lending money to those with bad credit scores.
How do I find out if a loan company in the UK is legitimate?
When you start looking out for a loan in the UK, you must be careful about who you are dealing with. A good loan company in the UK would always be licensed by the FCA. You can verify the same on the online FCA Register that lists out all the lenders and their status. There are also some other ways to identify scammers. For example, if a lender asks for an upfront loan processing fee or offers loans without credit checks then you can be sure that it is a scammer. Some of these scammers even ask for payments by gift cards, which is something that no legitimate lender would do. If you are unsure about how to find a good loan company in the UK, then let us do that for you. Money Pig has a wide network of licensed direct lenders who are eager to offer you the best interest rates.
How do I qualify for a loan from a good loan company in the UK?
Once you find a good loan company in the UK, then the next big challenge is to know where you qualify for the loan amount. While that largely depends on the lender’s internal policies and your financial records, there are some mandatory requirements that all banks and lenders in the UK require you to fulfill. First and foremost, you must have completed eighteen years of age to be able to enter into a valid loan agreement in the UK. Also, you must be a UK citizen who is working and living in the UK and holds a UK bank account in which the lender can transfer the funds.
Once you have fulfilled those mandatory criteria then it’s time to file your loan application. At this point, you have two choices — you can either apply to banks and lenders individually or through an intermediary like Money Pig. If you chose the latter, then you simply need to fill in just one loan application on our website and we will connect you to the most appropriate lenders based on your requirements and your profile. As we do this completely free of charge, there is no need for you to not apply for a loan through us. Moreover, we connect you with a network of licensed direct lenders that offer all types of loans regardless of your credit scores. Plus, you can verify their current status on the FCA’s register to confirm that you are dealing with a good loan company in the UK.
Can I borrow loans to consolidate debts from a good loan company in the UK?
Yes, you can borrow a loan to consolidate your debts in the UK, but you need to know that most companies in the UK may require you to furnish security. This security would be forfeited in case of non-repayment of the loan within the stipulated timeframe. However, depending on your needs and requirements we might be able to arrange an unsecured loan that you can use to consolidate debts. As these loans would be advanced by licensed lenders, you can be sure that you are borrowing it from a good loan company in the UK.
Before applying for a loan to consolidate debts, confirm whether your existing lenders are willing to opt for this sort of an arrangement. Next, check if your existing loan agreements have a prepayment penalty clause, which penalizes you with a fine in order to protect the lender from losing out on potential interest. If so, try negotiating it with your existing lenders. Once that’s done, then it is time to apply for a loan to consolidate debts. Money Pig’s lenders offer low-interest loans to consolidate debts to those with all types of credit scores.
What is the procedure to borrow a car loan from a good loan company in the UK?
You have many car financing options in the UK such as car loans, hire purchase, PCP, and more. However, people who know the merits and demerits of each of these options tend to pick a personal loan to buy their car. Doing this allows the buyer to own the car right from the moment when he pays for the car using personal loan funds. This is not possible under other car financing options. So, if you wish to borrow a personal loan to buy a car then do not worry about finding a good company in the UK. Instead, submit your application to Money Pig for free. Our Experts would then forward your loan application to a lender who is most likely to approve your personal. This helps you save time and focus on other things associated with buying a car. With a large network of lenders, we can help you borrow a low-interest personal loan and that too from a good loan company in the UK.
How to find a good loan company in the UK willing to do business with those having bad credit scores?
If you have a bad credit score in the UK, then no mainstream banks would be willing to advance a loan. However, all is not lost because there are some ethical, honest, and licensed lenders willing to give you a second chance. We have some such lenders within our network and would be glad to put you through them. You can connect with them by filling out the online application available on our website with the necessary details. With a strategic network of lenders, we offer loans to those with all types of credit scores. We understand that credit ratings in the UK can be affected due to many reasons, some of which are absolutely out of your control. For instance, the unemployment caused due to the coronavirus lockdowns and other regulatory changes. In such cases, you can always turn to Money Pig and we will do the best we can for you.
Is Money Pig a loan company?
No, Money Pig is not a loan company but a financial intermediary that has strategic partnerships with various lenders. While partnering up with lenders, we make it a point to confirm their legitimacy by verifying their licenses and other essential documentation. You could confirm the same by looking up for them on the online FCA Register. So, if you are in need of a loan then we can help you find a good loan company in the UK based on your financial profile.
Our services eliminate the need to put in multiple individual loan applications to banks and lenders and protect your credit profile from the hard credit checks that follow. These frequent credit checks and possible loan rejections can lower your credit score. So, to protect your best interests we let you put in a single online loan application through our website. Based on this, we connect you with a lender who is most likely to approve your loan. Plus, we do all of this for free, so you need not worry about the costs involved. Instead of charging applicants, we charge a small commission from our network of direct lenders for every successful loan approval. This helps us run the show and keep our services free for loan applicants.
Can Money Pig help me find a good loan company in the UK?
Yes, Money Pig can help you find a good loan company in the UK by forwarding your application to a reputed and legitimate direct lender. You can put in your application by filling out an online form on our website, which hardly takes around 2 minutes to complete. With a wide network of licensed direct lenders, we can help anyone in the UK find a profitable deal. So, if you need a loan from a good loan company in the UK, then we are here to help.
How do I know whether I’m transacting with a good loan company?
In the UK, it is not easy to be sure that you are transacting with a reliable loan company due to the many creative methods that scammers adopt. You may check the online FCA Register to confirm the status of a lender, but it is always possible that the person reaching out to you isn’t who he or she claims to be. Often times, scammers make use of similar domains and sub-domains to defraud borrowers. Furnishing your personal and financial details to such lenders could result in identity thefts and other issues. Sometimes, they ask for an upfront loan application or processing fee, which they collect and disappear. To overcome these issues, Money Pig partners-up with some of the most reputed lenders in the UK and helps you connect with them through a single application. Applying for a loan through Money Pig is absolutely free and you can do it right away.
How do I find a good loan company in the UK offering loans without a credit check?
No good loan company in the UK would offer loans without performing a credit check on you. The FCA, which regulates all financial service providers in the UK makes it mandatory to perform credit checks. So, no legitimate lender in the UK can offer such services. However, if you are struggling with a low credit score then Money Pig can help you by connecting you to lenders who advance loans to individuals with such profiles. So, if you are in that tight spot, then submit your application on our website and we will get back to you with the best offers.
How to find good loan companies in the UK offering no guarantor loans?
You can find many loan companies in the UK that offer no-guarantor loans but most of them charge very high interest rates or require you to furnish security. At Money Pig, we can help you find lenders willing to advance unsecured loans without any of those requirements. Moreover, we connect you to multiple lenders which allows you to choose the most profitable deal. So, don’t waste your time trying to find a good loan company in the UK that offers no-guarantor loans. Instead, allow us to connect you with several lenders who offer this facility.
Are there any good loan companies in the UK offering loans to students?
Finding loans while you are a student in the UK is not very easy. In most cases, your only options are the bank overdraft and your credit card. If you wish to borrow more to pay for your accommodation or for any other purposes, then your options are limited. That’s mainly because while pursuing full-time education you cannot have a permanent job, which in most cases in a pre-requisite for borrowing loans. So, to make things more convenient for students, we offer student loans that can be used for many purposes. You can use them to pay for your accommodation, medical bills, car, travel, repairs, or for any other purpose. In most cases, we process these student loans within a couple of hours because we understand the financial problems that students face. We do not charge you any fee and so if you need a quick student loan then do not hesitate to apply for one.
Can I get a loan in the UK from a good loan company without a full-time job?
Yes, you can find a good company in the UK to lend you a loan without a full-time job, but your options are extremely limited. Therefore, we include lenders willing to advance such loans within our network. This allows us to connect you with those who offer you loans regardless of the type of employment you are in. Our lenders appreciate the part-time and remote employment opportunities available and therefore don’t mind advancing loans to those who do not have a full-time job. However, you would be required to have a steady income that indicates your ability to repay the loan.