Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
www.samedayloanssource.co.uk is a broker, not a lender, and does not make credit decisions.
Representative APR Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed).
Many direct lenders offer same day loans in the UK. Designed to provide you with a small amount of cash as fast as possible, these loans are very useful when you suddenly find yourself needing extra funds.
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Same Day Loans are a type of loan specifically designed to help people who find themselves suddenly and unexpectedly needing extra funds. same day loans UK are traditionally small in amount and are often required to be repaid in a short period of time; usually within around three months.
same day loans are therefore not good if you are simply wanting access to some extra cash or are trying to solve a long-term financial issue. You must therefore always read as much as you can regarding repayments and what happens if you fail to repay the loan in the designated time. Always striving to help get the right loan for you, many of the new payday lenders now offer competitive same day loans. Fully certified, these lenders provide full transparency regarding their loans; helping to ensure all your questions and concerns are answered.
Processing your application
To meet the demand for fast loans same day, many direct lenders in the UK now offer fast loans that can be paid into your account the same day as you apply. Understanding that fast same day loans are often required urgently and unexpectedly, same day loans source has worked with lenders to make the entire application process as simple as possible. As such, if you are looking for a fast cash loan we can quickly put you in touch with some of the biggest and most-trusted lenders in the UK.
Percentile interest rates are easy to bear, and it is one of the outstanding hallmarks of our payday lending facility. The lending limit starts off from £80 and goes up to the mark of £1000. In as little time as twenty-four hour, you can get the expected sum of money. As a result, you too have an important responsibility to fulfill.
It is your responsibility to check your loan agreement in full. If you feel you may be unable to meet the terms of your loan then you must contact your lender right away to discuss an alternative solution. Failure to repay could ultimately lead to the lender making an alternate arrangement with a third party debt collection agency.
Lenders usually reserve the right to utilise the Continuous Payment Authority to repeatedly attempt to take payment from your card up to 90 days after your loan payment is due. Please check your own Terms and Conditions on your signed loan agreement for further details.
If you pay your first loan off successfully and then you find yourself requiring another loans then most lenders do offer this service. Once you have built up a reputation with a lender, they may be able to offer you a larger loan amount or a better rate of interest. You’d be advised to speak to your lender directly about the options available to you. You would still have to make another application with them so that they can assess your situation at that particular time. You are also advised to ensure that you have the capacity to pay the loan back on time.
Implications of Non-Payment
It is important that both you and your lender work out a mutually agreeable plan for debt clearance. It is necessary to clear the debt within the terms laid out in your agreement. The failure to repay has its fair share of financial and legal repercussions. Most importantly, the repercussions will adversely affect your credit rating. If you feel like you are in a situation where you may not be able to make the agreed repayments, then you must contact your lender immediately.