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What Are High Acceptance Payday Loans?
- You can now apply for high acceptance loans for individuals with bad credit histories online.
- All lenders must be FCA-approved and regulated.
- Fast and easy loan application along with same day payouts.
An acceptable loan is in short an acceptance loan gets its name from the likely hood of the customer being accepted for the finance they are applying for. So you have probably landed in this article because you’re looking to get accepted for a loan, the type of finance that could give you the money you need to cover an urgent expense. There are different types of acceptance loans, there are low acceptance and high acceptance but high acceptance is the only type to be advertised, this is because the last thing you would want to hear when you’re in an emergency situation is a bank or lender telling you that your application has been denied. Time is of the essence when you are short of cash and an unforeseen expense is knocking on your door that’s why securing a quick loan that ensures a good acceptance rate is a must.
So you won’t waste your time jumping from one payday loan lender to the next, there are three important questions that you need to satisfy to determine whether or not you are qualified for payday loans high acceptance from a reliable lender like and also if they are the financial options suitable to your present circumstances. Alternatively, you can use a known and trusted brokhttps://www.pickaloan.co.uk/wp-admin/post.php?post=541&action=edit#er to search the market for the best loans that you can be accepted for. The three important questions are:
1.) How much do you need?
Determining the exact amount that you need is crucial in your application. High acceptance payday loans will normally allow you to take out between £100 to as much as £1500. If the money you are looking for, is within this range, then you are in the right place. If however, you are looking for more, then you’re better off exploring other high acceptance loans options such as personal loans, guarantor loans, and logbook loans.
2.) How long do you have to pay it back?
Payday loans with high acceptance rates need to be paid back after a few weeks or a month but typically on your next payday, depending on your lender. If this is something that you can comfortably agree with, taking out a payday loan will be easy. If you need to borrow for longer terms, for several months or more than a year, then you might want to consider other alternatives that have been mentioned above.
3.) Are you qualified?
Just like any other type of loan, you need to meet certain criteria to qualify. Luckily, high acceptance loans have minimal requirements making them ideal solutions to emergency situations. You just need to be a permanent UK resident, above 18 years of age, employed or receive an income of other means that checks affordability of the loan, and an active UK bank account. If you satisfy all these requirements, securing a high acceptance loan is almost guaranteed, hence the name.
Payday Loan Direct Lenders High Acceptance
When you want to take out a payday loan that ensures high acceptance, there are normally two ways that you can go about it. Firstly is a direct lender or a helpful broker like us here at Pickaloan. With a direct lender, there are only two parties involved in the loan transaction: you the customer and the lender. If you don’t meet the lender’s requirements, you will have to look for another direct lender that will accept you but one that also satisfies your needs. If however, you choose to use a broker they will check their lending panel for all the lenders that will accept your circumstances, allowing you to pick the lender with the best rate and term for you.
With a broker, the process is much easier and much more convenient for you, this is because the broker will be the one to look at the market for a lender that matches your needs and qualifications. You simply hand the broker your application details and they will do the rest. There is often a fee for using a broker but this is broker dependant, also the fee is frequently attached to the lender that will cater your loan and not you.
So if you prefer the payday loan direct lenders high acceptance option then we will be able to help you land the most comfortable payday loan deal for you and your circumstances.
High Acceptance Loans
But aside from payday loans what are your other options? If you want to take out high acceptance loans, the safest and most convenient options available in the UK today include:
- Personal Loans
- Guarantor Loans
- Logbook Loans
- Doorstep Loans
Personal loans, guarantor loans, and logbook loans are high acceptance loans that will give you larger amounts and longer payment terms than high acceptance payday loans. With personal loans, you can take out as much as £25,000 with a payment period that can last for a year or longer. A good credit rating and steady income are crucial in availing them.
If you have bad credit but want to enjoy large borrowing amounts for comfortable payment terms, Guarantor loans are solid options. All you need is to have someone who will co-sign your loan and agree to make the repayments once you can’t commit to them.
With logbook loans, all you need is a vehicle to secure your loan. You can take out as much as 50% of your vehicle’s trade value. Doorstep loans, on the other hand, are similar to payday loans the only difference is that they can be obtained right at your very doorsteps from a friendly local agent.
It is important when picking a lender, broker or introducer that they are genuine, to confirm this there are some very simple things to look out for. HTTPS shows it is a secure website, contact information, a company name and number, terms and conditions clearly shown and FCA links or details for borrowers to refer to. By confirming these simple items you can rest assured that your personal information is safe.
High Acceptance Loan FAQs
What options are available for people with bad credit?
Many loan options are available for individuals in this position these days, including doorstep, payday, secured and guarantor loans. When a lender contacts you, they will provide information regarding the option that will be best for you.
Will I be able to access my loan funds on the same day?
Many of the lenders we work with will be able to provide you with your funds on the same day that your application is approved. However, there may sometimes be a delay of up to 48 hours in some situations. The lender will inform you at the time of application what the timeframe will be to obtain your cash.
Will I have to pay any broker or other upfront fees?
No. At no time will you be asked to pay any form of upfront fees when applying for a loan through the lenders we work with.
How does the loan application process work?
It’s quite a simple process. All you need to do is to fill in all of the required fields on the website application form and provide accurate information. Once your form has been submitted, you will be contacted by one or more of the lenders we work with to discuss your financial situation and requirements. The application will normally be processed on the same day it was submitted.
What happens if I am unable to repay my loan on time?
It’s imperative that you contact us as soon as possible if your financial circumstances change because this will enable the lender to inform you what will take place thereafter. Unfortunately, you could be charged additional interest and/or penalties on any loan amounts that are outstanding.
If a lender contacts me, will I be obliged to accept their offer?
You will not be obligated to accept any offer from a lender if it is not suitable for your financial situation. However, if you decline an offer from a lender and change your mind, you may need to reapply for a loan at a later stage.
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