Need cash today? We’ve got you!
Covering emergency expenses with the available money can sometimes be challenging. You must manage your daily expenses well. For that, you must keep some savings safe. If you fail, two options remain in the end - first, to sell personal belongings and second, to borrow the money.
Moreover, most individuals lack sufficient savings and earn lower incomes. Getting a quick loan in that case seems impossible. Here, CashFacts's Everyday loans may prove just the right solution. You can get the cash irrespective of your credit score. We help you overcome past credit scars and fund your current needs. Contact us for everyday loans in the UK marketplace, even with bad credit. You may qualify if you share the potential to pay the dues according to the agreement timeline.
There is nothing better than applying for a loan at your own convenience. As these are small loans, you can pick your Smartphone and start applying for these text loans available 24/7.
We offer these loans on a same-day basis, and they have useful FEATURES that you, as a borrower, are entitled to avail. These are:
Everyday loans are an unsecured financial facility for short-term needs or emergencies. You can obtain a small amount to address urgent needs without going through a time-consuming loan process. Instead, these loans prioritise quick approval by focusing on affordability alone. If you have a regular income, balanced finances, and an authentic citizenship profile, you may qualify.
The interest rates on such loans remain competitive. It is because it does not require a guarantor or collateral to qualify. You can make this process easier by borrowing only an affordable amount. Fixed interest rates and terms ease the budgeting capability. Thus, individuals with regular and irregular incomes can repay accordingly. You must pay the dues within 12 months of the loan application and approval.
Yes, getting a loan for everyday needs without hassle is relaxing. It saves you from losing your precious assets or offending a guarantor. These flexible repayment loans in the UK prove beneficial if the income drops suddenly. However, you cannot ignore the risks associated with these loans. Here is the clear description of that:
| Parameters | Benefits | Risks |
|---|---|---|
| Risks | Individuals with limited or bad credit history may qualify | High-risk borrowers may face high interest rates and an increased repayment burden |
| Speed of access | Quick approvals on these loans for critical emergencies ease the stress | It may tempt borrowers to seek cash without reading the terms or researching the best rates. |
| Impact on credit score | Repaying the instalments on time, as per the agreement, boosts your credit score. | Missing payments, rollovers, and loan defaults affect your credit score significantly. You may struggle to meet other life goals, like a mortgage. |
| Credit Accessibility | We conduct “soft credit checks in the UK” to determine the affordability. It does not affect the credit score. | Basic affordability checks do not guarantee loan approval. It helps you understand the amount you may qualify for, depending on your finances. |
Thus, factor in such benefits and risks before applying for everyday loans in the UK from a direct lender like us. It will help you determine whether the loan is right for you. Also, we offer personalised assistance to deal with non-repayments.
Yes, an everyday loan operates uniquely from a payday and a self-employed loan. It is essential for covering both planned and unplanned expenses, such as home repairs. Alternatively, payday loans are ideally used to cover any critical need before the "salary day". Similarly, loans for the self-employed in the UK are ideal for new business owners or freelancers who need cash to meet business expenses. Thus, you can clearly see the difference between the loans here. Let’s read in detail:
| Parameters | Everyday loans | Short-term loans | Payday loans | Self-employed loans |
|---|---|---|---|---|
| Meaning | These loans are used for known expenses that you forget to budget for | These are the unsecured loans used to meet any short-term or priority expenses. | One may use a payday loan to fund any expense just before the salary day. Like, | It is ideal for freelancers with irregular income. They may check one to cover any costs they encounter in the meantime. |
| When to use the loan? | You can use it for needs like “a pending utility bill, home repairs, debt consolidation, etc. | It is ideal for aspects like “buying a basketball kit for the upcoming match, repairing furniture. | Most individuals consider this to pay any critical need before salary day, like “paying for a cash-on-delivery order” | Self-employed people can use it for equipment purchase, inventory update, marketing or stationery purchase, and rent payments. |
| Loan amounts | £500-£5000 | £1000-£3000 | £1000-£1500 | £1000-£25000 |
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CashFacts always believe in presenting something unique but useful that other direct lenders in the UK are not thinking about. It is why we feel proud to be a private lender for all. Our repayment terms are incredibly convenient for everyone. But:
What if you want to make early payment of the loan?
We do not have any problem in receiving the early payout of the loan. We do not charge any prepayment fees and allow borrowers to avail the loan benefits freely. However, a few things those have to the remembered:
There is nothing to worry if you do not have a photocopy of the documents. Our early repayment policy for loans on everyday basis is flexible enough to arrange everything for your comfort.
Getting a loan for benefits income is challenging but possible. You may get small loans on the benefits in the UK, according to the government benefits you receive. The amount you get from benefits must be higher than your loan requirements. We accept benefits like:
To qualify for the loan, you must have received benefits like Universal Credit and Income Support for at least 6 months. There is no specific income from benefits that qualify for the loan. Instead, it largely depends on whether you can repay the dues.
We do not base our approval entirely on your income from benefits. Instead, we consider total household income and savings to determine the affordability.
You may get fast approval on these small loans if you can afford the loan payments. It is because we prioritise responsible lending that we prioritise customers' financial wellbeing. Thus, we may only approve if the financial assessment reveals the possibility of repaying the dues promptly. We identify your bank statements, income from benefits, and part-time income (if required) for approval. It helps us identify the amount you can afford fairly.
You may have reasons to choose us, but you would not have reasons to ignore us.
You can anytime connect with CashFacts to fulfil your everyday needs. Once you submit your application online, the desired amount is transferred to your bank account on the same day. It does not mean such facility is applicable only on these loans; instead, it is also offered on payday loans and short-term loans where borrowers like our prompt and professional lending.
Our main motive is to arrange the loan as fast as today. The everyday loans are the perfect way to do it, and that is why we offer this instant funding to every individual with any financial status. Apply now and collect your funds within a few minutes.
However, missing payments may affect your credit score. You must pay extra in the form of penalties and high interest costs in that case. Set up direct debits or contact us early if you're unable to pay. We may reschedule it for you.
Warning: Late repayment can cause serious money problems. Contact Moneyhelper.co.uk for details.
Getting an everyday loan is easy with us. You need to meet the basic criteria. Individuals aged 18 and above who have lived in the country for over 3 years may qualify. You must have a valid form of identification, such as an electoral roll, a passport, or a driving license. You should hold a valid bank account with a direct debit facility. Additionally, individuals with an authentic income (part-time or full-time) with proof may qualify.
Everyday loans are highly unsecured as these are primarily for urgent expenses. You may get the loan without staking your pricey asset. However, the interest rates could be competitive. It thus eliminates the hassle of losing your belongings if you cannot repay the loan.
Yes, you cannot skip the basic and mandatory credit checks on loans. Every responsible loan provider conducts one to determine the affordability and repayment capacity. It thus retains the interest of the borrower and creditor alike.
You get the cash quickly, within 30 minutes of the application approval. Make sure to mention the correct details and provide authentic documents to get an instant loan. A mere discrepancy may affect the loan turnaround times.
No, we do not charge any early repayment fees on these instant loans. You can repay if your budget allows you to do so. Also, we do not force anyone to pay the dues early. However, paying before the date helps you reduce the interest liabilities and pay less every month. Avoid this practice if paying early impacts your essential bills and payments.
Yes, you may get multiple opportunities to boost your credit score with our same-day loans for bad credit scores. Apart from pre-payment options, we approve only amounts that you can afford comfortably. It reduces the interest and total repayment costs. Thus, you can budget more easily and pay the dues on time. It improves your credit score. Moreover, you can choose a longer repayment option to pay less each month. This improves your credit history and eventually your credit score.
No, you don't need to provide a guarantor if you can repay the dues alongside managing other bills. Individuals with a fair credit score, regular income, low expenses, and good savings can easily pay the dues. Thus, in that case, there is no requirement of a guarantor. You can obtain everyday loans without a guarantor in the UK through us under these circumstances. Alternatively, individuals with low/no income and no credit history may need to provide a guarantor to qualify.
Yes, we do.
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