Short Term Loans Offer Flexibility

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So often in life a need for some extra money presents itself and we have to act quickly. Whether it’s an unexpected bill or an urgent purchase which is required, at True Blue Loans we would like to help. We completely understand in such situations you need to find a straight forward lending solution quickly and as a result have designed an application process to match. This process is designed to give you our initial decision as quickly as possible so that if it is a 'no' you can look for alternative solutions If your application passes this automated stage we will pass it to an underwriter who will perform a thourough analysis of the application and make our final decision. We are often referred to as "Payday loans direct lenders" or "Payday loan lenders", or "Payday UK Loans" but we are really "Installment Loan Direct Lenders".

You will note our application form is clear and easy to follow and is designed to ensure all the important information needed is gathered for us to make our decision.  We also think it’s important to keep you up to date on the progress of your application and therefore we promise our Team will email you updates as they work on your application.

Another great thing about True Blue Loans is that an application for one of our installment loans carries absolutely no fee. That’s right, we are the direct lender and we don’t believe you should pay simply to be considered for a loan. That means you can complete an application with peace of mind that even if we declien you, you will not be financially at a loss..

So if you are looking to borrow a small amount of money and are tired of the traditional type of single instalment short term loans, often referred to as payday loans or pay day loan, we’d love you to consider True Blue Loans. Our Team has many years’ experience and believe based on this we can help you find an instalment loan that really does met your needs as an individual.

 

Short term loans and the benefits to people

 

When it comes to borrowing money there are a number of different options available for people to choose from, apply for and then possibly take out if they wish to. The financial market place is where people can apply for the financial product they need and that is where they will find a number of different options available to them. People can take out nowadays both single instalment short term loans and instalment loans where different loan values can be taken out and then repaid over a number of different repayment terms. Both of those loans are a popular way to borrow money and they both have their own positives and negatives in regards to how they work. Another common way to borrow money would be via the use of credit cards, these allow people the chance to pay for different items or withdraw cash on credit up to a set limit via the actual credit card itself. That is another very common way to borrow money from the financial market place. 

A large amount of people are turning to short term loans when they need to borrow money. These loans are designed to help people with temporary money problems and not to be used as a long term borrowing solution. One massive benefit of the product is the fact that people who apply for the loans when accepted can receive the money very quickly. People apply for short term loans mainly online in a reasonably quick process that should only take 10 minutes or so to complete. Then if the same application is then accepted by the lender the loan can be paid to that borrower the very same day of the application being submitted. There can be some lenders who look to pay their successful applicants within just a few minutes of them being approved. This is perfect for people who need money quickly, for example if they had an unexpected bill arrive at least borrowing this way can give them the money they quickly need to make that required repayment.

Another benefit of short term loans is the fact that it is fairly common that people with poorer credit can be accepted for their loans. If people have poor credit then they can find it tough to get credit elsewhere but short term loans may be able to help them out. The lenders that offer such a product aim to help people with poor credit and can then look to lend to those people even if after checking their credit report they can see they have missed other debt payments in the past. If the same people were to apply for finance through any major bank or other high street lenders the chances are they will be declined. 

There are a number of disadvantages with short term loans and a point from the paragraph above that must be clarified. Short term loans are expensive as a form of borrowing. Additionally, with short term instalment loans the longer term you borrow over the more you will repay. Now for that clarity. When a lender states that they will consider those with poorer crtedit history this does not mean that they will lend to anyone, regardless of how bad their credit is. When lenders talk about accepting those with poorer credit history, it often means that they will put less emphasis on older debt when there is better recent history. It is unlikely that if your bad credit was last month that you will get the loan.