Why Should I Apply for Payday Loans with Oak Park Financial?
If you’re looking for short-term loans on payday, Oak Park Financial’ Direct Lenders can assist you with comparing rates and obtaining money as quickly as is possible.( https://didyouknowcars.com/how-to-buy-a-demo-car/ )
We have a relationship with the entire marketplace of lenders offering payday loans across the UK which we frequently check to ensure they are adhering to the highest standards in responsible lending.
Payday loans can be helpful for emergency expenses If you want to take out PS50 or more – and this application on our website is cost-free and will not affect your score on credit.
Just click “Get started Now to complete the online application in under 5 minutes. Then, you’ll be notified of your decision immediately on your screen.If you pass the final check the loan may be approved and the funds transferred into your account within 1 hour or later on the next day on the same day.
What exactly is a payday loan?
A payday loan lets you take out loans until the payday you’ll be due – making it easier to get cash upfront with a lump-sum payment. you will be able to pay back the entire amount of the loan plus interest on the next payday at work.
Payday loans are often utilized to pay for unexpected expenses like car repairs, boilers that are broken, and other urgent bills.
The money is deposited into your account at a bank and is withdrawn at the end of each month or the date of your next payday from work.
The typical loan for payday runs for between 14 and 30 days. However, today they can be extended to up to 12 or 24 months, called installment loans.
The Key Features
- Borrow PS50 up to PS1,000
- Repaid in 1 – 12 months
- Equal monthly payments
- Direct lending is a direct lender’s business in the UK
- Payed on the date of your pay
- 1 hour or the same day financing available
What are the criteria for eligibility for Payday loans?
- You must be at least 18 years old
- UK residents only
- You must be able to pay for the repayments
- Current UK bank account
- Current UK Mobile number, email and mobile
- There are no recent CCJs IVAs, bankruptcy or CCJs
Do I require a Payday loan? What are they used for?
Payday loans are a quick alternative to finance and can be efficient if you require some hundred pounds to get you throughout the entire month. This type of financing can be quite costly because it’s fast and unsecure which is why it shouldn’t be utilized in the long term.
Three million Britons take advantage of payday loans each year. This is mostly to pay for emergencies like repairs to homes or other unplanned expenses.We all strive to save money and have funds set aside to save for rainy days, however, if we encounter an unexpected and large bill and require a bit of extra cash to cover the cost.
How Does Repayment Work?
The repayments are made towards the close of each month or on the date of payment which is the day you are paid by your employer.The majority of workers are paid on a Friday that ends the month, with some being paid at a certain time (e.g the 15th, or even the 30th) or in a 4-week cycle.The funds are taken automatically from your account via the continuous payment authority.
If you’re repaying the loan in six or 12 monthly installments the typical repayment is the amount in the same amount from your bank account every month. However, you should always confirm this with the direct lender.
In addition, you must always have the option of repaying your loan in a timely manner and often you can lower the interest rate when you do this.
Can I apply with Direct Lenders for Payday Loans?
Yes we do. At Oak Park Financial, we only work with direct payday loan lenders. Once you’ve applied and been approved for a loan and you have received a loan decision, you will be working on the same loan provider from beginning to end.From the moment you apply through funding and repayments, you will work with the same payday lender all through, and there aren’t any other companies that are involved.
Can I get a payday loan with bad Credit?
Yes, you are eligible for a payday loan with a bad credit loan, as the lenders that we cooperate with will consider bad credit history.
While you might be a credit risk, however, our lenders will take into consideration your loan request in the event that there are strong elements involved, such as an income that is stable as well as the recent experience of repaying loans promptly.
If you show that you are able to repay the loan and are earning a steady income then you may be qualified to get a payday loan even if you have poor credit or a credit card judgment.
How Do Payday Lenders Work? Options Are There?
In Oak Park Financial, we have relationships with more than 250 lenders. We might be able to offer possible payday loan alternatives, such as the use of credit cards and guarantor loans, and secured loans.
Our mission is to assist our customers to find the most suitable loans for their needs with the most favorable terms and with the most affordable rates.
Start by determining your eligibility now on our website. Just click “Get Start Now now’ and you’ll get an answer in a matter of just a few minutes!