When you apply for a payday loan, there are several factors that will affect the final outcome. Depending on your current financial situation and the amount that you want to borrow, the rate of APR and the total amount that you will be approved for can vary. Typically, your very first payday loan will range between £100 and £500. This is usually more than enough to cover emergency expenses and can be repaid over a period of several months. The ability to be able to pay off the short-term loan with your next payday means that you are not in long-term debt to a credit provider.
Finding a decent and reputable payday loan provider can be a challenge in itself. The very worst thing that you can do is apply to five or six direct lenders in the space of several hours as this will have a negative impact on your credit score. Using a free brokering service, such as the one provided by Sure Money UK will help you find the perfect lender for your circumstances. With more than 30 lenders and brokers on board, finding the finance that you need is easier than you think. When we say that Sure Money UK is a free brokering service, we mean free. Obviously, operating as a business means that finances need to be received one way or another, and Sure Money UK receives a commission from the lenders when they connect you to them.
This means that you do not need to spend hour after hour scouring the internet for a provider who meets your needs and whose needs you meet. All it takes to be matched with your perfect payday loan is to fill in a simple application form that will ask you about your current financial situation, your employment and income, and other information that will help confirm your identity. As soon as you submit your application, you will be matched with a lender, and if approved, can have the payday loan deposited directly into your bank account within a matter of hours.
Having more than 30 lenders and brokers on the panel means that even if you have bad credit, you should still be able to find a lender to cater to your needs. This is what makes Sure Money UK one of the leading payday loan brokers in the United Kingdom and want that many people feel comfortable to turn to in their time of need. A payday loan need not be expensive and could actually save you money on late payment fees and over-limit fees that you may encounter from your bank or credit card if you are not able to meet the payment on time. It will allow you the breathing space that you need to get your finances in to order and get back on your feet again.
If you don't want to spend hours trawling through site after site and simply want to be matched with the best lender for your needs, then using the services of Sure Money UK can provide you with the short-term loan that you are searching for.