What is a small, short-term loan?
A small, short-term loan is an unsecured loan that is typically backed by a future source of income, often times a pay check. These loans should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems.
What can a small, short-term loan be used for?
A small, short-term loan should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems. Be sure you understand the risks of small, short-term loans, and please borrow responsibly. If you are facing long-term financial difficulty, please consider credit counseling, education, or other debt-management assistance, such as nonprofit financial counseling services in your community.
How do Ineedcash.co.uk’s loan matching services work?
Ineedcash.co.uk is not a lender and does not make credit decisions. It aims to connects interested consumers with independent, licensed third party lenders or brokers (collectively, “Financial Service Provider(s)”) based on the information provided. Begin by completing our online form. Once submitted, Ineedcash.co.uk will try to connect you with an interested third party Financial Provider. Ineedcash.co.uk will not itself charge you a fee but third Party Financial Service Providers may charge you a fee. Every third party Financial Provider has their own terms and conditions for small, short-term loans (i.e., fees, repayment terms, renewal policies, APRs, etc.), and each makes approval decisions separately. If matched with a third party Financial Provider, be sure to fully understand the Financial Provider’s terms and conditions before agreeing to them. If you do not understand or agree to the Financial Provider’s terms and conditions, you may refuse the loan offer. If you have any questions or concerns about your small, short-term loan, you should contact your Financial Provider directly.
How do I qualify for a small, short-term loan?
Ineedcash.co.uk is not a lender—it does not make small, short-term loans or credit decisions. Ineedcash.co.uk simply connects interested consumers with independent, licensed third party Financial Service Providers. These Financial Service Providers have their own minimum requirements which must be met to be approved for a small, short-term loan, and one independent lender’s minimum requirements may differ from another’s. Such minimum requirements typically include, but may not be limited to: 18 years of age or older A resident of the United Kingdom Valid checking or savings account Regular income of at least £500.00 per month.
Does Ineedcash.co.uk charge a fee to connect consumers with independent third party Financial Service Providers?
We do not charge you any fees to use Ineedcash.co.uk. If you are matched with a participating Financial Provider, you may be charged fees directly by the participating Financial Provider in order to proceed with the loan arrangement. Please be sure to read the Financial Provider’s terms and conditions before agreeing to proceed.
What amount could be borrowed with a small, short-term loan?
Typically, the amount that could be borrowed with a small, short-term loan ranges between £100 and £1,000. Please note, however, not all lenders offer up to £1,000, and the amount offered by an interested lender may differ from the amount sought. How much you qualify for depends on numerous factors including your lender, income, and employment.
If approved for a small, short-term loan by an independent third party lender, how quickly could it be available?
Money transfer times may vary depending on the lender and your individual financial institution. An independent third party lender may transfer an approved small, short-term loan to your bank account in as early as the next business day but could take 2-3 business days for the loan to be funded.
What information is needed to use the services offered by Ineedcash.co.uk?
You must provide certain personal, employment, and banking information to be matched with prospective independent third party lenders. Such information includes, without limitation, name, address, telephone number, email address, bank account information, and employment information. The information you provide must be accurate. Once submitted, independent Financial Service Providers may perform a credit check or otherwise verify your information.
Is the information I provide secure?
Will independent third party Financial Service Providers perform a credit check?
Independent Financial Service Providers may perform a credit check or otherwise verify your information. Each independent Financial Service Providers makes approval decisions separately. Ineedcash.co.uk does not play a role in the credit decision process.
When must I repay my small, short-term loan?
Ineedcash.co.uk is not a lender. Each independent third party Financial Service Providers has their own terms and conditions for small, short-term loans, including those concerning repayment. Only your lender can provide you with information about your specific loan term. You should contact your lender directly with any questions, comments, or concerns.
What if I am unable to repay my small, short-term loan according to its terms?
If you cannot repay your small, short-term loan according to its terms, your lender may: Charge you late fees Send your account to a collection agency Offer to renew, extend or refinance your loan (which may cause you to incur additional fees, charges and interest) Ineedcash.co.uk is not a lender. Only your lender can provide you with information about your specific loan terms and the implications of non-payment of your loan. Ask your lender about its policies for non-payment.