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Our service lets you receive the funds you need, whenever you need it. It is highly secured and fast, making it the best solution for your financial distress. Borrow funds up to £3000 and have it ready on the same day. And the best part, it is absolutely free!
Immediate Cash Assistance
Going broke through emergency cases can be troublesome. Without anyone to turn to, things could come down hard on you. If this is the kind of situation that you’re currently going through, then we have good news for you!
Our services can provide you with the cash assistance you need, anytime you need it. The application is incredibly fast and convenient. Check out below to get started!
How Will My Application Work?
Your data is completely safe and secured. There’s no need for you to visit banks or fall in long lines to get approved. All you need to do is to complete a form online.
Paid Into Your Account
You don’t even have to wait a full day to get the funds you’ve borrowed. Within minutes, the payment is sent directly to your checking account. No fuss, no hassle, no delay.
Got bad credit? That’s not going to be a problem. Our lenders don’t do credit checks. As long as you’re good at paying the loan on time, you’re good to go.
Refinancing a personal loan sure sounds like a great idea. You are able to lower down your monthly payments with high-interest rates into low-interest debts. It lets you save more money and for that reason alone, shouldn’t this be a good financial option? Well, not exactly.
Refinancing a personal loan can affect your credit badly. But the question is, how badly? And is it worth the few tumbles that your credit will go through?
How It Affects Your Credit
The main reason why maintaining a good credit score is essential is it because it gives you a wider access to benefits and those include better loan options. Now, opting to refinance will leave a dent in your score, albeit temporarily. After all, refinancing means taking out another loan. And for each loan you get, you credit score goes down.
Furthermore, for every loan you take out, you are subjected to credit inquiry. This once again leaves a small dent in your score. The key is to ask yourself a few questions to determine if it’s worth it.
Why It May Be a Bad Idea, After All
You are going to need a larger loan in just a few months.
When you are about to apply for a larger loan for more important reasons, such as buying a home, in just a couple of months, you may need to step back from refinancing a loan. Since refinancing will lower your credit scores, you may be turned away from loan options that have low-interest rates once you apply for the larger loan.
You are going to end up in a much worse position.
Generally, whenever you refinance an existing loan, you end up with a longer term. This means your interest will also increase. If you refinance an existing loan into a new type of loan, you may also lose the complimentary benefits that come with the former.
Before opting to refinance, always check the bigger picture. Look into your future financial plan. Assess the numbers and do the math. Depending on the situation, refinancing may either be the better bet for you or will negatively impact your financial situation.
About Paying a Short Term Loan Early
Are you paying your loan for more than a year? Do you want to settle it now so that you can sleep peacefully at night?
If you have extra money to pay off your loan then it’s a good choice. If you and your lender discussed how your loan will work then maybe you already have an idea if you can settle your loan early or not. Sometimes lenders put into their standards the prepayment penalty wherein if the time comes that you want to pay off your loan early then you can actually pay it and they will allow you of course. But, you may face penalty fees for prepayment because it settling your loan will actually save you from paying interest and the terms of your loan that might be a burden for you in the future. Why? Because you’ll never know what could happen for the following years and still have to think about your loan to repay monthly. For example, your loan term is 5 years and you’re paying for it for almost 2years, you’ll never know if you still have enough money for the following years to repay your loan and may lead to bad credit if you have late payments so paying off your debt early could maintain your good credit score.
Another things is paying off your loan early can reduce your stress but evaluate the advantages and disadvantages of paying your loan early. If you are financially stable and earning enough income to repay your loan and if it’s okay to you pay for penalty charges for a prepayment then do it. If that will make you happy then you should do it. Also, there are lenders that agree with prepayment and doesn’t add charges to borrowers. So before you get a loan, it would be better to know all the details in your loan application if they have prepayment penalty or not. You can also talk to your lender about it and suggest that maybe you can pay a little extra on each month and consider it as you repayment for loan and not as a prepayment.