The Answer To Your Cash Needs
The Great Things About KnightFinance
Super Fast Process
You could get money directly into your account after just a 15 minutes application.
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.
There’s no need to put any collateral against your credit, all our loans are unsecured.
Personal Loans that are Unsecured
It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.
See How Our Competitors Compare
Borrow £500 for 4 Months, Four Monthly Repayments of £215.81 Total repayment £863.24 Interest Rate PA (fixed) 270.10% Representative APR 997%
Bad Credit Loans Direct Lenders No Credit Check
Unexpected expenses are one of the things you should expect because no matter how carefully planned your finances are, it can ruin your budget in a snap. A car repair, for an instance, should be resolved immediately especially if this is an important transportation for work. But what if your salary is not enough to cover it and it takes two more weeks for your next paycheck to arrive? Are you going to rely on banks which require more than a couple of prerequisites and not to mention, a lot of time to wait? Or will you choose bad credit loans lenders no credit check which are incredibly faster and more lenient?
Unknown to many, bad credit loans lenders no credit check are quick when it comes to lending money and normally, they only look for two things – your source of income and a bank account. Therefore, bad credit borrowers can take their chance to get the loan they need. Such direct lender for installment loans bad credit are advantageous especially for people with these cases:
- Those who are employed but receives low income which is barely enough to cover financial obligations
- Those who are unemployed but has no extra funds to look for a new job
- Those who are welfare benefits and in need of extra cash to sustain other expenses
- Those who have a bad credit rating who needs a financial support and a chance to fix their credit report
Bad credit loans lenders no credit check normally offers a small amount that is settled within two weeks or up to four months. It can be used to address urgent expenses or as an extra fund to tide you over the next month. Normally, bad credit loans lenders no credit check will allow you to borrow the exact amount you need, unlike banks and credit unions who have fixed rates. The 2000 loan is designed to meet the particular needs, unlike a car loan which is solely used to buy a new car. With short-term loans, you can pay for utility bills, consolidate minor debts, and the list goes on.
Bad credit loans lenders no credit check are not strict with their requirements; in fact, the loan approval rate is also fairly high. Normally, they will just require their borrower to provide a proof of a stable source of income and a bank account. Meanwhile, those who are unemployed can still apply for an advance as long as they have an alternative source of funds.
What You Should Take Note Of Before Dealing With Bad Credit Loans Lenders No Credit Check
The loans offered by most bad credit loans lenders no credit check might be too expensive compared to the ones provided by banks. However, this is normal, especially for bad credit loans. They accept installment bad credit borrowers and other loan seekers considered as a high risk and one way to discourage those who cannot settle the loan is to apply exorbitant rates. Nonetheless, failing to assess your capacity to settle the loan can lead you into a more troubling financial situation, such as a vicious cycle of debt.
If you want to reduce the fees applied by bad credit loans lenders no credit check, you can consider all the options available first. For an instant, rather than choosing bad credit loans lenders no credit check, you can look for an alternative such as borrowing money from families or friends. This reduces the stress from providing the lump sum rate within two weeks, as you can ask your friend for a more flexible repayment term. However, if you think you will stick with bad credit loans lenders no credit check, be sure that you can handle the principal loan amount, interest, and other charges and avoid late payments as this only results in additional charges. Otherwise, you can look for personal loans or regular loans offered by banks which are more affordable from lenders UK.
The short-term loans offered by bad credit loans lenders no credit check are convenient and easy to acquire, but it should only be used as a last resort. Although it can be used on anything, it’s not a practical choice for leisure purposes because of the expensive rate. If your bill can wait or you just want to purchase groceries or minor expenses, you may use your credit card instead.
On the contrary, short-term loans can still beneficial, especially when dealing with defaults. For instance, you have no other options and you don’t want to be charged with late payment fees, you can take a loan from bad credit loans lenders no credit check. The interest rate may still be expensive but it can be more reasonable compared to the penalty fees. Also, it will help you avoid a lower credit rating because of a missed or late payment.
Another advantage of using short-term loans is the effect it creates on your credit rating. It is a high-risk type of loan since it is unsecured and it accepts bad credit borrowers. If you can settle the loan on time and you have not defaulted on it, it can give a great quick boost to your credit rating. But if you have failed to settle the on its due date or worse, have defaulted on it, your credit report will be negatively damaged.
That being said, bad credit loans lenders no credit check are both advantageous and disadvantageous depending on the situation. Short-term loans are quick and simple to obtain and it can be one of the best answers when you’re in dire need of fast cash. It welcomes almost all sort of borrowers providing that they are capable of repaying the loan. But then again, be sure that your income is enough to cover the expensive interest and fees to avoid further problems. You can always compare bad credit loans lenders no credit check online to know who offers the cheapest rate. This way, you can minimize the expenses and enjoy the loan even more.
5 most recent personal loan reviews
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
Ease Of Use
Value For Money
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
Ease Of Use
Value For Money
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
Ease Of Use
Value For Money
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.