LoanPig is one of the UK’s leading direct short term loan lenders and work tirelessly to make sure everyone faced with a financial difficulty is given the opportunity to improve their financial situation and better manage their money. If you are in need of money quickly, then do not hesitate to apply for a short term loan from a short term loan direct lender like LoanPig today as we could see that the money you need to cover unexpected costs is transferred into your bank account as quickly as the very same day of you making an application!
Why Take Out A Loan With A Short Term Direct Loan Lender Broker?
If you have ever been faced with a financial difficulty, you will understand how troubling being put in that situation can be. While some of us may try to seek help from a friend of family in this situation, this option is not always possible so it seems natural to be directed towards seeking the help of a short term payday loans direct lender. The decision between taking out a short term loan with a direct payday loans lender or broker is an important one so it is important to know what each offers before making up your mind. Here at LoanPig we believe that we are able to offer you the best of both worlds as we take the time to carefully assess every application that comes through and match you with a lender that best encompasses all the qualities we feel best suit your personal needs.
What Is The Difference A Short Term Loan Direct Lender And A Broker?
Direct short term loan lenders offer a different service in comparison to a broker so if you are wondering how to know if you are dealing with a broker or direct lender here are some of the ways you can tell the difference:
- Lending Panels- One of the easiest ways to tell if you are dealing with a broker or direct lender is in the mention of a lending panel. Brokers have the added benefit of being able to match you accurately with a direct lender so they do the hard work for you by figuring out what lender is best for you and your monetary needs.
- High Acceptance Rates- While both a direct lender and broker will claim to offer high acceptance rates, a broker like LoanPig will be able to tailor your short term loan application with a reputable lender. We work hard to ensure your application is thoroughly reviewed and the best possible match is made.
- Online Application- Almost all brokers offer an online only application process, which is not always the case with direct lenders. Brokers such as LoanPig know the stress and burden of having to deal with phone calls, so we have simplified the process for the benefit of our customers.
Take the time to consider which type of lender best suits you and your personal requirements. At LoanPig we believe that we take the hard work out of the entire short term loan application process and give our customers the ability to take out a loan with a direct short term loan lender quickly and easily!
Does LoanPig Offer Instant Application Approvals?
LoanPig prides itself on providing a fast and efficient direct short term loan application process. Once you have chosen your loan amount and the length of time you wish to pay your loan off in and are happy with the estimated repayment amount, simply click ‘Apply Now’ and you will be taken to an online application form. At this stage, we will ask you to fill out your personal details and bank account details and will then reach an instant decision as to whether you are eligible for loan from one of our direct short term loan lenders. The whole process through a payday loans direct lender is easy and could see you have the cash you need in your account the very same day!
Is LoanPig A Good Direct Credit Lender?
One of the key things to consider when applying for a payday loan is how trustworthy a short term payday loan lender is. All brokers who offer you the opportunity to be matched with short term loan lenders should always make it their duty to carry out all the appropriate credit and affordability checks. Here at LoanPig you can rest assured that we follow all of the guidelines set up by the FCA (Financial Conduct Authority) and trade responsibly. We will never discriminate on applicants with a poor credit history and will always see that we offer those in need the chance to take out a loan with a reliable short term loan direct lender.
What Is LoanPig’s Short Term Loans Approval Rate?
While many short term loan lenders offer ‘instant approval’ rates, it is important to know that this is not necessarily a good thing in all cases and works for all situations. Any reputable lender will carry out checks to ensure that they are trading responsibly for the benefit of those seeking to take out money with them. Our team at LoanPig offer a safe and quick approval system which not only allows you to progress with your application swiftly, but also ensures that you will be able to make the necessary repayments.
Are Direct Short Term Loan Lenders Regulated?
All of the direct short term loan lenders that LoanPig deals with are regulated by the Financial Conduct Authority. While in the past short term loan lenders were given a bad name through overcharging their customers, this is not something that you would need to worry about today. Today, there are a number of strict regulations in place that ensure all direct short term loan lenders operate fairly and act in the best interest of their customers. Regulation examples include capped fees and laws that ensure you are never made to pay back more than double of what you borrow. Here at LoanPig, you can be certain that we follow all of the guidelines set out so that we provide an honest and transparent service to match you to a payday loans direct lender you can trust!
How Much Should I Expect To Pay Back With A Short Term Loan Direct Lender?
The amount you pay back when borrowing money from a short term loan direct from a lender differs depending on the amount you wish to borrow and how quickly you would prefer to pay the money back. While you may be left playing a guessing game with some short term loan lenders, this is most certainly not the case with LoanPig. Out homepage features a handy short term loans calculator which you can use to determine what your repayments will look like. Here is an example of what you can expect to pay back when taking out a direct loan with us:
- The amount you wish to borrow: £600
- The number of months you would want to repay by: 4 months
- The total amount of interest: £404.22
- The monthly repayable amount: £251.06
- The total repayable amount: £1004.22
What Can I Use The Money From A Short Term Loan Lender For?
While it may seem like an obvious thing to mention, it is important to consider the higher rate of APR when applying for a loan from short term loan lenders and remember that short term loans should only be used in emergencies. If you are normally very good at managing your finances but find yourself in sudden financial difficulty, a short term payday loan may be the ideal solution. Many people use the money they receive from LoanPig for the following uses:
- To pay higher than expected bills or car payments
- To pay off or assist in the consolidation of their other loans
- To tide them over until they find a new job/ deal with unexpected redundancy
- Cover urgent medical costs
While the aforementioned reasons are some of the most popular ones when it comes to how people spend their payday loan cash, ultimately the way you choose to use your money is up to you! Finding a reputable short term loan direct lender is important, and here at LoanPig, we aim to help you every step of the way.
What Are The Alternatives To Using A Short Term Loan Lender?
If you are in need of added funds when it comes to paying for an emergency cost, there are a number of routes you can take. Here are a handful of alternatives to payday loans you could consider:
- Sell your belongings
- Apply for a bank loan
- Ask for money from family and friends
While there are other solutions out there when it comes to raising the funds you need to cover an emergency expense, few offer the speed that a short term loan direct lender can provide.
What Is The Financial Conduct Authority?
The FCA or Financial Conduct Authority are a government body that put in place various laws and regulations in order to ensure people always stay protected when taking out loans with direct short term loan lenders, for example.
What Do I Need To Consider Before Borrowing Money From A Broker?
If you are in need of some extra cash quickly and easier, you may well wish to apply for a short term payday loan from a broker like us. At LoanPig we offer everyone the chance to get access to cash as soon as possible as we understand how important it is to stay out of the red. LoanPig enables you to be matched to your perfect short term loan direct lender as we take out the hassle of you having to scour the internet for the best and most affordable payday loan solution.
Can I Apply For A Short Term Loan With A Poor Credit Rating?
Here at LoanPig we always keep our customers at the very heart of everything we do and this is one of the reasons why we believe that a poor credit rating should not impact your chance of taking out a loan out with one of our direct short term loan lenders. We evaluate your ability to meet your loan repayments on a number of criteria so you can rest assured that your ability to take out a payday loan with us will depend on more than your credit score.
Who Can Apply For A Short Term Payday Loan From LoanPig?
Taking out a payday loan with one of our short term loan lenders couldn’t be easier- all we ask is that you meet the following basic criteria:
- You reside in the UK
- You are over the age of 18
- You have an active bank account and bank card
- You are employed or are receiving a pension or allowance of some sort (e.g. living or disability)
Once we are satisfied with your ability to meet the aforementioned criteria we can get you matched up with one of our reputable short term loan direct lenders and get the cash you need on your way to you as soon as possible. We can help you find a different solution to some of the big names in the industry, such QuickQuid or Peachy, in order to provide you with alternative lending options to suit your requirements.
Will Borrowing Money From A Short Term Loan Direct Lender Impact My Credit Score?
While taking out a short term loan from a direct short term loan lender is unlikely to impact your credit score, being unable to meet repayments and falling behind paying your short term loan back will. It is important to always carefully consider whether you will be able to meet your repayment deadlines.
Why Should I Choose LoanPig?
With LoanPig you can choose your desired loan amount and your repayment period so that you can tailor your loan to suit your needs. Rest assured that as LoanPig is a reputable short term loan direct lender broker, you will not incur any hidden fees with any of our loans. Our application process is simple and straightforward, so it’s little wonder that so many people choose to take out their short term loan with us!
Can I Apply For A Payday Loan Online?
At LoanPig we understand how tedious and laborious applying for a short term loan via a telephone can be. We offer an advanced service that allows us to match your loan needs with a leading panel of short term loan direct lenders without the need to pick up the phone- our entire process takes place online. This significantly cuts down on the amount of time it takes to process your application and means you are able to get the money you need far quicker!
How Much Money Can I Borrow From A Short Term Loan Direct Lender Like LoanPig?
Here at LoanPig we understand that no two short term loan applicants are the same so we offer a bespoke and personalised approach to your application. We offer our customers the chance to pick out a loan amount that best suits them and allow them to borrow anything from £150 to £750 loan and pay back the loan between 2 and 6 months.
Is The LoanPig Application Process Safe?
Something you can always guarantee with LoanPig is that our application process is entirely safe. Our site is encrypted so you can sleep easy in knowing that there is no chance of your personal details being stolen. Furthermore, we also pledge that our panel of direct short term loan lenders also follow strict safety procedures and that our online application process is entirely safe to use as the transfer of information is protected.
Contact us today for the chance to have the cash you need in your account within 24 hours. LoanPig are always on hand to make sure you are able to tide yourself over until your next payday quickly and easily with the help of a reputable short term loan direct lender!