By doing the initial legwork for you, we help you connect with them through a single loan application that you can fill out on our website. We know how complicated it can be for an average person to borrow a loan in the UK. For years, the UK’s financial sector has been infested with scammers and loan sharks. Their main targets are those having low credit scores because loan sharks know that such individuals have limited options. This mindset exists because there is very little awareness about credit scores among borrowers in the UK.
Although your options are limited, we can still find a reliable short-term loan lender willing to offer you a loan. We bring you an entire network of direct lenders willing to offer some exciting and reliable short-term loan options, despite your low credit score. As long as you are a UK citizen aged above 18 years, we can find you a fast and reliable short-term loan from a FCA-licensed lender. So, you don’t have to worry about your credit score, employment type, or anything else. Let us now discuss how to get yourself a reliable short-term loan and figure out how to find the best choice online.
FAQs | How to get yourself a reliable short-term loan?
- Where can I borrow reliable short-term loans?
- How can I identify scammers while choosing a short-term loan?
- How to find the best choice online for a short-term loan?
- What quick and reliable short-term loan options do I have in the UK?
- What should I know about borrowing a short-term loan?
- Can I borrow reliable short-term loans with a bad credit score?
- Is credit check mandatory to get a reliable short-term loan?
- Who can advance short-term loans in the UK?
- How can I find reliable short-term loans online?
- Does Money Pig lend reliable short-term loans?
- What type of short-term loans can I borrow?
- How to find the fastest and most reliable short-term loans during an emergency?
- Which is the best way to finance my car in the UK?
Where can I borrow reliable short-term loans online?
You can borrow quick and reliable short-term loans from your bank or from financial institutions that advance such loans. Sometimes that may not be possible due to a time constraint or other factors such as social distancing. In such cases, you may want to pick one online but that’s where the trouble begins. The UK’s financial sector is swarming with loan sharks who are eager to trap innocent and unsuspecting borrowers. Although the authorities have been taking appropriate action against them, one needs to know how to identify and avoid such criminals. An easy way to protect yourself is by confirming the FCA license status of lenders before applying to them. If that seems like a tedious process, then consider applying on Money Pig’s website and we will forward your loan application to some of the best and most reliable short-term loan lenders in the UK.
How can I identify scammers while choosing a short-term loan?
You can easily identify scammers and loan sharks by understanding the psychology of a lender. For example, no lender would offer a 0% APR because a lender earns his income from lending money for a cost. Also, no lender willing to advance you a loan would demand an upfront loan processing or loan application fee. If you ever tried filling the short-term loan application form on Money Pig’s website then you would know that we offer our services for free. A lender is someone who is willing to lend you money after evaluating the risk involved in lending you money. So, there is no reason for the lender to ask an upfront fee from you.
In fact, some scammers ask this sort of fee in the form of gift coupons and people have fallen prey to such antics. So, remember that no reliable short-term loan lender would ask for any form of upfront payment from you. Money Pig has a wide network of FCA-licensed lenders who have a spectacular track record and can connect you with them for free. So, if you are unable to find fast and reliable short-term loan options then submit an application on our website. With a 92% approval rate we are confident that we can help you find a loan irrespective of your credit rating.
How to find the best choice online for a short-term loan?
The choice of a short-term loan option depends on the borrower’s need, credit history, income, and repayment capability. Based on these factors, you can choose from the many short-term loan options available such as payday loans, personal loans, student loans, car loans, emergency loans, etc… However, while borrowing one you must remain careful and transact only with reliable short-term loan lenders who have a high reputation. You can do so by applying through Money Pig, as we are well connected with several licensed and reliable short-term loan lenders in the UK. We also provide faster loan processing during emergencies and can help you save a lot of time and effort that otherwise goes into making the best choice online, for a short-term loan that you so badly need.
What quick and reliable short-term loan options do I have?
There are many legitimate and reliable short-term loan options available in the UK, such as payday loans, emergency loans, personal loans, etc… You can choose any of them from your bank or a licensed lender in the UK. Money Pig’s lenders offer most of these loan options at competitive rates, so, you can choose one of those loan options available with us.
Our most popular and reliable short-term loan option is the personal loan, which our customers borrow for various purposes. Since there is no restriction on the usage of personal loan funds, it continues to be the most sought-after option. Yet another popular short-term loan option is the payday loan but that is only available to those who are in full-time employment. For others, we have other reliable short-term loan options like student loans and cash advances. Student loans are unsecured loans that we advance to those who are pursuing full-time education and cannot have a full-time job.
Since there is no restriction on how they use it, some of them borrow the student loan to pay their bills while others use it to buy a car or to go on a vacation. With so many part-time and remote opportunities available, most students promptly repay the loan. For those dealing with emergency situations, Money Pig offers emergency short-term loan options that are processed on a priority. These emergency loans are sanctioned within a couple of hours. As the funds are transferred directly into your account, you won’t have to wait too long.
What should I know about borrowing a short-term loan?
While borrowing a short-term loan you must start by applying to reliable short-term loan lenders who can legitimately perform lending operations in the UK. You will be able to check them on the FCA’s Register, along with other important organizational details. You can then use them to verify that the person you are applying to is indeed who he or she claims to be. The second most important thing while borrowing a loan is to limit the number of loan applications that you submit to banks and lenders.
You must take into account that banks and lenders run hard credit checks, which show up on your credit file for at least two years. A better way of reaching out to multiple lenders is by connecting with them through Money Pig. Upon the receipt of your loan application, we will forward your application to them after running a soft credit check on you. Please note that soft credit checks do not show up on your credit file but provide us with the necessary insights to forward your application to the right lenders.
Finally, you must focus on negotiating the best interest rates with your lenders and doing that requires you to know which points you must highlight in order to get the best deal. If you are thinking of how to find the best choice online for a reliable short-term loan, then it depends on two main factors. These same factors give you the bargaining power to negotiate a profitable deal. They are your credit score and the duration for which you wish to borrow the loan. Always remember that good credit score and longer loan tenure always make borrowing a loan cheaper and more cost-effective.
Can I borrow reliable short-term loans with a bad credit score?
Yes, you can borrow reliable short-term loans despite having bad credit score but you need to be careful about it. In the UK, you will often come across lenders offering ‘no credit check loans’, which is legally impossible in the UK. The financial services sector is regulated by the Financial Conduct Authority (FCA) that requires all lenders to perform a mandatory credit check before lending. So, whether it is a bank or any other type of lender, no one in the UK can lend without complying with the credit check requirements.
Those offering this sort of a loan are doing so illegally and therefore you must avoid them. Most of them also make use of unethical debt collection practices and charge very high interest rates. If you are now wondering how to find the best choice online, then there are a few legitimate lenders tied up with us, who advance bad credit loans. So, if you have a bad credit score then a more reliable short-term loan option would be Money Pig’s bad credit loans. These loans are offered by licensed and ethical lenders and are custom designed to meet the needs of those struggling with a bad credit score.
Is credit check mandatory to get a reliable short-term loan?
Yes and no. According to the FCA, credit checks are mandatory in the UK and one of the key obligations on all lenders, but that does not stop anyone from getting a reliable short-term loan. Although mainstream banks may not be willing to do business with those having a bad credit score, all is not lost. You can still find lenders willing to take the risk of doing business with you, so if you have a bad credit score, that does not mean you should succumb to the atrocities of loan sharks.
Most borrowers assume that bad credit score completely wipes out their chances of getting a loan and under this assumption, they get trapped by loan sharks. You must know that a bad credit score only indicates that you are a high-risk individual but does not bar you from getting a reliable short-term loan in the UK. So, if you are looking out for bad credit loans, then consider applying with Money Pig. The application process is completely free and online. It takes only a couple of minutes for you to fill and submit the form.
Who can advance short-term loans in the UK?
In the UK, reliable short-term loans are advanced by FCA licensed lenders, whom you can verify on the FCA register. Alternatively, you can pick one from Money Pig’s network of lenders because all our partner lenders comply with the local regulations and hold the necessary licenses. So, if you are wondering how to find the best choice online, then applying with us can give you a head start in your search. Plus, the loan application process on Money Pig’s website is absolutely free. Once we receive your application, we then connect you with a reliable short-term loan lender who is most likely to approve your loan request. We keep our services free for loan applicants by charging a small commission from the lender.
How can I find reliable short-term loans online?
You can find many lenders willing to offer you loans online, but finding a reliable short-term loan lender requires some time and effort. So, start by shortlisting the lenders you wish to borrow from and then run individual verifications for each lender. You can do this on the FCA’s online register and once you have confirmed their individual status, it is then time to put in your loan application. At this point, you need to know the risk involved in the process.
As you individually apply to lenders and banks, each performs an individual hard credit check on you. This remains on your credit file for at least two years and is something we can help you avoid. Through strategic partnerships, we have built a network of lenders who lend loans based on different criteria. So, we run the initial soft credit check on you and then connect you with lenders that are most likely to approve your loan application. Once we do that, we then offer you quotes which you are free to accept or reject. Based on your action, we will either provide you with more quotes or leave things between you and the lender. You can then negotiate the terms and conditions with the lender and just before sanctioning the loan, the lender will perform the mandatory hard credit check. As a result, your credit file will not look bad for two long years.
Does Money Pig lend short-term loans?
No, Money Pig does not lend loans directly because we are not a direct lender. However, as a financial intermediary, we facilitate fast and reliable short-term loans from some of the best lenders in the UK. These lenders have a very high reputation for being prompt and ethical, so you can count on them without any worries. As we verify their FCA licenses, you can be sure of their legitimacy. So, if you are looking for reliable short-term loan options and are wondering how to find the best choice online, consider applying with Money Pig. We would like to clarify that Money Pig does not charge you for the application or for processing your loan request.
What type of short-term loans can I borrow?
Money Pig’s lenders offer all types of short-term loans available in the market and if you are not sure of your eligibility then you may still put in your application and one of our Experts will assist you based on your personal details. You can borrow a personal loan, payday loan, student loan, car loan, same day loan, emergency loan, or some other type of loan that is ideal for you.
If uncertain, then consider borrowing a personal loan with no restrictions on fund usage. You can then use the funds for one or many purposes. If your credit score is bad, you can still apply for a bad credit loan from Money Pig’s lenders. Whichever type of loan you choose, it is always recommended that you pick one based on how quickly you can repay the loan. Although short-term loans borrowed for a shorter duration may attract higher interest rates, they end up being more profitable. As you are required to pay the interest for a shorter period, your overall costs are lower.
How to find the fastest and most reliable short-term loans during an emergency?
While dealing with an emergency situation, looking for reliable short-term lenders can be a daunting task. Verifying each one on the FCA Register, checking their status, confirming their physical address, and everything else that goes into it can slow things down. Therefore, to make things easier we bring you some of the fastest and most reliable short-term loan options. These lenders have been in the lending business for quite some time and offer competitive interest rates.
So, if you are in a hurry to borrow money then we can help you by connecting you to the most appropriate lender based on your needs and your credit score. While borrowing loans from us, you need not worry about your credit score as our lenders offer emergency loans to those with all types of credit scores. Plus, our services are absolutely free for loan applicants, and to further speed things up, we carry out the entire process online. However, we encourage loan applicants to mention the urgency in their loan applications so that we can process it on a priority.
Which is the best way to finance my car in the UK?
In the UK, there are many ways in which you can finance your car, such as Hire Purchase, PCP, car loans, etc… However, none of them let you own the car for which you would be paying the interest as per the financing arrangement. It makes no sense if you cannot sell the car and repay when you lose your job or are under financial pressure. However, there is one time-tested solution for this problem and that is to buy a car using your savings. If you have insufficient savings, then consider borrowing a personal loan and using it to make the purchase. This allows you to own the car right from the start, so you can sell it without any restrictions.
At Money Pig, we make finding reliable short-term loans easier by connecting you to some of the best lenders. So, if you are looking for a short-term loan and wondering how to find the best choice online, then consider applying to us. Our lenders offer the fastest and most reliable short-term loan options in the UK. So, Apply Now.