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  • Apply to borrow up to £3000*
  • Rates From 278% APR – 1576% APR*
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Find the right solution for your financial problem. Get loan fast and easy without going through a tedious application process and complicated documents.

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?

Secure Process

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.

Credit Problem

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.

Having a personal loan is beneficial especially when used properly. It can be acquired from banks or private lenders online and the requirements are easier to comply with compared to other accounts.

The questions is: can you have two loans at the same time?

The answer is: yes!

It’s possible but you must first understand what personal loans are about and how can get another one.

What Is A Personal Loan?

As the name suggests, a personal loan is a type of loan that is used to relieve personal expenses, although it can be utilized on business costs, too. It can be anything, ranging from medical bills up to paying for your dream wedding. Below are some reasons why some borrowers take a personal loan:

  • Additional funds when traveling

  • Payment for special occasion-related costs

  • Medical treatments

  • Home improvement

  • Education-related fees

  • And other legal personal purposes

Compared to other types of loan, personal loans are easier to acquire since you don’t have to present collateral to be eligible; however, you have to satisfy a few requirements first, such as:

  • A stable source of regular income

  • A good or excellent credit remark

When you want to get a second personal loan, it’s important for you to have an excellent credit remark first. That means avoiding delayed payments, defaults, and other financial mistakes that could affect your credit rating.

Does Getting A Personal Loan Affect the Credit Score?

Every time you send an application or avail a loan, your credit remark decreases. However, you can fix it by repaying your account on time. This is important when you want to get another personal loan since most lenders will only approve your application if you have an excellent credit rating.

While you can still get a second personal loan when you have a lower credit rating, it can be very challenging. But then again, you can have another advance as long as you maintain a good credit remark and a stable source of income.

Despite your best efforts to get your debt paid off, one of the risks of taking out a loan is not being able to pay it off. Defaulting happens when you aren’t able to get the repayments done after a certain period has passed.  Loans on default are generally sent to collection agencies which will try to get the funds from the borrower.

Defaulting on a loan is the last thing that any borrower would want to do. After all, this is going to reduce your credit rating quite drastically. This can impact your chances of getting credit in the future or worse it might even lead to you losing a personal property.

Consequences of Defaulting

There are various consequences that can result out of defaulting on a loan. Aside from the huge impact it will have on your credit score, expect that there are going to be legal and credit troubles. With your score being negatively affected, securing a loan in the future is going to be harder. This might even spill over towards you having a hard time renting a place, finding a job, buying insurance or even signing up for services and utilities.

You’ll have to deal with high expenses too since you will have even bigger financial burden as a result. Not only do you have to deal with penalties but with late payments and other legal costs that you will be slapped with. That increases the balance as a result.

If you have secured a personal loan which are mainly unsecured ones, lenders will likely take legal action aside from the dip that it will cause on your credit score. If it is a secured loan where collateral was presented, it is possible for the lender to seize the car or the property and sell it in order to recoup what they have lost out of you defaulting on them. This is why it matters that you manage your debts right. 

Dealing with the Risks

For home loans where you either bought a house or refinanced it, you can be forced out of the property through a foreclosure, after which the lender will then sell the house and cover your loan balance. Also, if the sale isn’t enough to cover the entire amount, you would still owe them money.

The same thing is true with auto loans. Your vehicle can be repossessed and then sold by the lender to recoup the remaining loan amount you have yet to pay off.