Private Lenders 2017 – you may be in need of some extra cash this year and have had no success with the traditional loan lenders.
Private lenders 2017 are different to the typical high street or mainstream money lender. Private lenders instead lend money in the hope that they will get a high return on their capital through charging interest on the money lent.
Unlike banks and other mainstream lenders, private lenders 2017 may be more likely to take the risk of lending to someone with a less than perfect score. However, it does not guarantee you will be accepted as this still poses a risk to their investment that they may decide not to take.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
Who are Private Lenders 2017?
When you apply to Private Lenders 2017 you are not applying with a registered bank, financial institution or credit union. Private lenders are individuals or companies that loan their own money to others.
Traditional banks and alternate formal money lenders are required to adhere to very strict lending practices as they are heavily regulated. Applying with such lenders may mean that if you have a less than perfect credit score you are highly likely to be declined.
On the other hand, with private lenders 2017 they are able to lend regardless of your credit score, but this is only if they wish to.
The application process when applying with banks and other regulated money lenders can be long and detailed, requesting a lot of information and evidence before they will accept you for a loan. With a private lender the process can take a couple of days to be accepted and have the funds transferred.
Overall private lenders in 2017 are a lot easier to be approved by for a loan
Before considering private lenders make sure you know your alternatives. With our regulated and registered lenders, they can provide you with a safe lending policy.
Knowing that our lenders must adhere to industry standards you can be sure you will be protected by the current laws and regulations.
By applying through them you can be sure you know exactly what terms you are entering in to so that there are no nasty surprises later. Just click on the links on this page to be redirected to their details.