Warning: Late repayment can cause you serious money problems. For help, go to MONEYADVICESERVICE.ORG.UK
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The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

Get the cash you need without the usual high costs, because of our wide range of lenders.

Low Interest Rates

Compare lenders to make sure that you get the lowest possible rates.

Unsecured loans

There’s no need to put any collateral against your credit, all our loans are unsecured.

See How Our Competitors Compare

Loan amount
£200 - £1,100
Loan term
1 - 4 Months
CUSTOMERSCORES
Fast services
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Loan amount
£100 - £2,000
Loan term
1 -12 Months
CUSTOMERSCORES
Excellent
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Finding the Best Desperate Cash Loans Near You

There are plenty of reasons why people would go for a desperate loan. However, not everyone can get the financial assistance that they need. Since credit scores would limit the lending options that borrowers can have, most would go for financial aid coming from uncertain and suspicious sources.

Through the years, there has been an increasing of demand for loans. On the other hand, debt has significantly increased as well.  Borrowers would find it difficult to get approved for loans coming from established lending institutions. That is the reason why most of them would go for underground lending services that would offer then lending services in exchange for paying loans with high interest rates. Ultimately, it created a new market all composed of borrowers who were dealing with bad credit rating.

This limitation created by the credit scoring system has brought a new challenge to the lending industry. They have to come up with a solution that would cater the ballooning increase of borrowers dealing with the same credit problems. Thankfully, using technology and innovation, there were able to come up with a much more convenient process to cater these types of borrowers.

Desperate Cash Loans in the UK: How Does It Work

The credit rating system was initially created to categorize borrowers based on their credit activities. For example, if a borrower had a defaulted loan in the past, automatically he/she will be given a bad credit rating. Although they can still acquire loans, but the interest rates would be too much for them to pay it back. However, if your credit is good, it would be easier for you to acquire loans. Borrowers can easily find low-interest loans coming from legitimate sources. However, it doesn’t automatically mean that borrowers with good credit rating won’t be disapproved for a loan.

Desperate cash loans have been one of the common choices for people dealing with emergency situations. It is a quick cash fund that you can acquire almost instantly.  For those who are financially incapable, going for a desperate loan could mean a lot. These funds could easily alleviate any dire situation especially if it involves money.

Unsecured loans such as desperate cash loans can be acquired without having to pledge a collateral. There are plenty types of loans that you can apply for without the need to have an asset. Borrowers can go for a payday loan, guarantor loan, personal loan, short-term loan, and more. These loans don’t require borrowers a minimum credit. So, even if you are dealing with a bad hand with you credit right now, it won’t be a problem.

Why Choose Desperate Cash Loans?

Applying for loans has been significantly improved during the recent years. Since the technology has improved, all other services, such as lending services, has improved as well. Before, it is extremely inconvenient for borrowers to apply for a loan. They have to visit lending centers and deal with traffic just to get there on time. Not only that it spends more money but it also spends time. And most of these lending centers and banks operate only during office hours. So, whenever you need cash urgently, you need to make sure that there’s still time before the bank closes. Otherwise, you will be left to your own.

But today, everything is almost accessible with the use of smart devices such as phones, tablets, laptops, and computers. By accessing online, you can visit the lender’s website immediately and apply for a loan. The application process takes place online. Borrowers will have to fill all the details required on the form to get the application process started. The online lender will validate all the information and once it is approved, the funds are immediately sent to the account provided. The process would only take 15 to 20 minutes. And in less than an hour, the borrower will have access to the funds he/she requested. Funds are easily accessible regardless of where you are. You can have cash delivered to you whenever you needed it, making it the most convenient way to acquire funds.

Although it might be difficult to acquire loans having bad credit, still there are options available for you. But most include loans with high interest rates. If you have collateral to spare, going for secured loans could be your best bet. Unsecured loans such as desperate cash loans would be a good source for immediate funds. Whenever you’re stuck at an urgent situation and you need cash to get through, this is the best option for you. However, you need to be reminded that dealing with high interest loans for a longer period could have serious consequences. If you were not able to pay back the loan on the designated time and date, it could worsen your credit rating. So, it is best to apply for loans during emergencies and only if you can afford them.

How to Find the Best Desperate Cash Loans

As most people know, going for direct lenders could save them a lot of money since they won’t be needing to pay for a broker’s fee. Contrary to the belief of the majority, there are also other benefits of going through lending agencies. If you’re desperate and need immediate assistance, finding the right lender could take some time.  This is where these brokers come in. They provide you lists of options that you can pick immediately. So, you don’t have to do research and all other stuff you needed to do to apply for a loan. And another thing, you can also find the best lenders with the lowest interest rates. This could help you save more instead by going directly to a lender with high-interest rates. These brokers have access to a network of lending companies which can give you a better insight of which lenders to choose. Some could offer you extended payment options, others would be downright low-interest rates. Whichever you prefer, using this network will definitely work towards your advantage.

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.