Why not use our service to find a great-value short term loan with an FCA-approved lender? This way, you can be sure that you’re protected.
Short Term Loans for the Unemployed
Most short term loans are issued to people who are in full-time employment. This is because they can demonstrate an ability to pay back what they borrow via their monthly wage. Payday loan lenders look at affordability when considering who to lend to. For example, a lender may ask you to list your current monthly outgoings (such as rent, utility bills, monthly subscriptions, transport costs and so on) to ascertain whether you earn enough to make repayments on top of your existing monthly outgoings.
Some lenders are willing to offer short term loans to the unemployed, provided they can prove that they have the means to make repayments. If you are unemployed but have other forms of income (such as a pension or regular employment support allowance payments), most lenders will consider your application for approval. Why not use our free service to find out if you could be eligible for an unemployed short term loan today?
Most short term loans are repaid on time and in full. However, there may be instances where you cannot afford your loan monthly repayments. If this is the case, you should contact your lender as soon as possible to try and come with a realistic and affordable repayment plan.
Before agreeing to the terms of a short term loan, you should be aware that failure to keep up with repayments could result in your case being passed to the legal department of your lender. In addition, direct lenders will also inform credit reference agencies that you have failed to make your repayments on time. As a result, defaulting on a short term loan could impact your credit rating and severely reduce the chances of accessing finance in the future.
Where to Get Advice If You’re Worried About Debt
If you’re concerned about your current financial situation, it may be beneficial to seek help and advice. Worrying about debt can leave you feeling overwhelmed and stressed – but it’s important to realise that help is at hand when you need it. The following organisations may be able to offer free advice on how to deal with debt:
Apply for a Short Term Loan Today
If you need cash payday loans in Lafayette today, why not apply for a short term loan online? With our free service, we could match you with a lender willing to offer you a great deal on a short term loan in a matter of minutes. With faster payments, you could receive the funds direct to your bank account within an hour.
Enter your personal details and allow us to find you the best possible short term loan deals in the UK. Our priority is helping you to find a lender that wants to work with you to provide you with access to short term loans – even if you have a poor credit rating.
Whatever your reasons for needing fast access to finance, we’re here to help you get the money you need when you need it – with affordable instalment loans. Getting short term loans online needn’t be difficult. Regardless of what’s in your credit file, your credit score doesn’t need to be perfect!
Give us a try today – you won’t be disappointed, and you could have access to a short term loan straight away!
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