When you're face-to-face with an unanticipated expense or a bigger-than-awaited bill, you need money fast. Many people go online looking for various types of short-term loans. A number of websites who are either direct lenders or lead providers appear. How then do you decide whom to apply to? It's commonly seen that dealing with a broker is more time-consuming and tedious than with payday loans direct lenders. It’s not worth the waiting and hassle for a small amount of loan with neither collateral nor guarantor.
There are two types of organizations that provide access to emergency funding in the UK- loans direct lenders and loan brokers. There’s no third-party involved in between if you apply with direct lenders. Any communication takes place only between the borrower and a customer representative of the lender. You also make repayments directly to the lender who helps you out on your financial journey. Loan Broker show little interest in the follow-up process once they’ve matched you with a lender. They might also charge broker fees for this service. Wisdom Financial is trustworthy, responsible and friendly lender to give you cash when you need it the most.
To talk about loans that run for a short duration, there are two broad types: payday loans and unsecured loans. Inspite of both being unsecured forms of lending, direct lenders don't usually require you to attach a collateral or guarantor. Ask yourself: "What are the three critical factors that I need in my loan?” Are you looking for no guarantor loans from direct lenders? Or perhaps you're looking for the cheapest deals on the market? You should always borrow from a widely-trusted loans direct lender like us who will assist if your repayment plans don't go as planned. No doubt, we're the right fit for you as a direct lender!
A direct lender is a financial institution having an FCA license. Usually, they have more-than-adequate funds to lend to you from their pocket. The loan process consists of just 3 simple steps: Application, Decision and Funding. Firstly, filling out our online application takes less than 2 minutes. We use the latest technology and software for our decision-making that enables superfast approval. Note that we'll go through your credit report though it might not greatly affect your chances of picking the loan products off our shelves. Considering your income and outgoings, and unique financial circumstances, a decision will be made. In line with the instant generation, once approved, you'll be funded within an hour or at most within 24 hours. So, why wait in long queues when coveted pounds can be yours at the click of a button?
Your history of managing credit is the first thing that comes to mind when you have no choice but to borrow. Now, many times lead providers (brokers) would suggest you to a lender who gives them a high commission. If you have bad credit, you'll be made to pay more because of all those times you defaulted or ran up arrears in the past. This is however not as it should be. We are a small loans direct lender and don't judge you on your credit score alone. With us, your credit rating is no longer a hindrance as we assess your affordability and comprehend your situation in detail. If you pass such other criteria, we'd be glad to lend to you!
To avail the benefit of our small payday loans, you must fulfil the following few criteria:
filter_1 At least 18 years of age
filter_2 Full-time or part-time employment
filter_3 UK resident and have a debit card linked to a UK bank account
filter_4 Honestly and fully fill out our application
filter_5 Valid UK mobile number and email address
Please note: Although we'll examine whether you possess repayments affordability, you should be a responsible borrower too! Be realistic and don't take on an amount you can't afford.
Direct lenders usually set a certain borrowing limit as per their company policy. If you're looking for instant small loans and are new to us, we allow any sum £500 to £20,000. If you're a returning customer, we give you the privilege to borrow up to £50,000. Feel free to apply to us if you’re fed up of high-street banks turning you down. Small loans can be repaid on the next payday or in instalments.
If time is what you don’t have on your hands, loans direct lenders are your best recourse. That’s because direct lenders approve and fund small loans on an hourly basis with no extra charges. A broker, on the other hand, will probably take his own sweet time as they have to first sell your application to a direct lender of their choice. Thus, you lose time as well as money on the fees they charge for their services. The fastest route to cheap payday loans is always "direct".
Usually, the cost of borrowing small loans is the APR. This is the Annual Percentage Rate for a period of 12 months. As short term loans are given at high interest rates, their APR may run into thousands scaring you away. But, don't worry, as your concern is only the total amount you owe the lender. The FCA has placed a cap by which no direct lender can charge more than 0.8% interest per day for any credit product. We make it very easy for you to understand what you’re signing up for. You may not distinguish brokers’ websites masquerading as payday loans direct lenders UK. So, always verify the authenticity of a direct lender before you contact them.
We never ask you for a guarantor. Having a guarantor means you get a better deal with a cheaper interest rate. At the same time, it means a lot of time and unnecessary paperwork. So, no guarantor loans are the ideal option when you need a few hundred pounds instantly and directly. Keep in mind that payday loans are unsecured debt, so they are best utilized as a short-term solution to cash woes. Yet, if you can spare some extra time, it’s worthwhile getting a family member or close friend to back you up in the case you can’t repay.
looks_one Flexible small loans up to £20,000
looks_two Simply apply on our secure website
looks_3 Loan transfer within minutes
looks_4 No third party between you and us, repay any time
looks_5 Excellent customer service, Save on broker fees
looks_6 Maintain confidentiality of personal data
As per FCA regulations, lenders are under an obligation to conduct a credit scan and affordability scan before giving small loans. Responsible lending means that a direct lender can’t get your commitment to a deal that you possibly can’t afford to repay. Thus, even though we look at your credit file, we don’t think your credit score should impact your borrowing chances. The term ‘loans direct lenders for bad credit with no credit check’ is, therefore, quite untrue.
Yes, of course! Going through a broker increases the number of steps and consequently the time taken to receive funds in your bank account. If you’re on the search for instant loans direct lenders, it’s possible with us. From approval till funding, it takes just a few hours because of quick processing of applications. This ensures that you have the money when you have the utmost need for it. There’s no point in taking out a loan if you can’t pay the expense or bill on time.
Borrowing and lending largely happens online these days. It’s always preferable to choose an online direct lender like us instead of a broker. Because you deal directly with a lender, it keeps costs down and the whole process runs smoothly. Before you take a decision, think about how much money you need and what type of short term loan you want to borrow for it. We also suggest that you shop for the best interest rates. Above we’ve answered all the FAQs about ‘small loans direct lenders’ and our online application form is simple to fill in and submit. We aim to transfer money within a span of a few hours.
Whether you want a payday loan or instalment loan, make sure you apply on a responsible direct lender’s website. If you have doubts even after doing your research, we would be happy to help choose the right loan for you. Being a premium lender, our products include online no guarantor short term loans. We are fully authorized by FCA and consider loan requests from people with bad credit seriously. You can get quick payday loans up to £1,000 in just an hour. Save time, apply now!
Unsecured Loans
Up to £20,000
Without any guarantor
No broker fees
Secured Loans
Up to £500,000
Lowest interest rate
Very Bad credit accepted
Payday Loans
Up to £1000
Instant approval
Same day funding
Contact us and we'll get back to you within 24 hours.
Wisdom Financial
120 High Road, East Finchley
London, N2 9ED
info at wisdomfinancial.co.uk
