FAQ Page - General Loan Info

Yes, if your lender can see that you have a way of repaying the loan – whether through benefits, passive income or anything similar, you may be eligible for a loan – even if you have bad credit. Quick loans Express, therefore, can help you if you’re looking for loans for bad credit with no guarantor, no fees for the unemployed.

A fast direct lender like Quick Loans Express moves the funds directly into your account. You interact directly with us, the lender, by filling in your details, and we handle your application and payments. This differs from working with a broker, an intermediary who sources payday loans on your behalf by sending your information to multiple lenders at once.

Borrowing money from an FCA authorised UK online loans lender is vital. Any UK lender that is FCA authorised is bound by their legal laws of conduct which is beneficial to you. For example, interest rates cannot rise higher than a certain amount. You can repay early and even cancel the loan within 14 days under the Consumer Credit Act. Furthermore, the FCA does not cover borrowing money from outside the UK and therefore may not be legal or legitimate and can cause much financial trouble.

Definitely online! The internet hands the power to the customer and not to the businesses, in this case, the borrower. Because the borrower can compare prices, lenders must keep their prices and interest rates competitive. Reviews are another significant aspect of the power of the internet and customer compared with to the lender. If a borrower wants to check the legitimacy or the customer service of a website, there are many review sites they should use. If a person isn’t happy with an instant loan online lender, it is effortless for them to write a negative review that can profoundly impact business. Often, you can tell how professional the lender is by the way they respond to good and bad reviews.

There are many different lenders in the UK that offer fast cash loans at different prices and offering slightly different things. These are the thing you should consider when looking for instant cash loans:

1. Interest rate (sometimes higher interest may end up costing less if taken for a short amount of time)
2. The length of time you need the cash loan – longer equals higher interest price
3. A cash loan with a guarantor or without one
4. Direct lender or broker (direct lender is cheaper and less complicated)
5. Strict or flexible repayments
6. Make sure you get a reputable and reliable FCA authorised direct lender

Any credit that you need may demonstrate that you do not have an income that matches your expenditure. Payday loans, credit cards and other forms of borrowing organisations, need to work out if you can afford to take out credit. The less likely you can afford a loan and make repayments, the riskier it is for a company to lend to you.
While your application for a same day loan will leave a footprint on your own credit report, it should not affect your credit score if you are approved and don't miss a repayment. However, applying for lots of loans at the same time will have a detrimental affect on your credit score. If a lender refuses to offer you a loan, it is best to wait a little before applying again or falling for a same day loans no credit check. However, be assured that Quick Loans Express offer direct lender payday loans for bad credit if approved.