Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Aug 2, 2018
A payday loan does not necessarily have to be for you. There are times and situations when those that we care about find themselves in a financial predicament that they are struggling to get out of. It is human nature to want to help those that we love, and one of the most common situations that family and friends find themselves helping out with are financial ones. If you have a family member or a close friend that is in need of credit but struggling to get it, then a short term loan from Sure Money UK may be something to consider.
Your friend or family member may not have the means or ability to get approved for a payday loan. In circumstances such as these, you could take out a short term loan on their behalf. Of course, you will be directly responsible for making the repayments on time each month, so you should take this into account when borrowing on behalf of someone else. However, if you are comfortable with taking out a payday loan to give to them and are certain that they will pay you back, then it can be a fantastic option for getting access to money quickly and easily. There is a misconception that payday loan providers do not perform credit checks, but this is not true. Any credit provider in the United Kingdom needs to perform a credit check as per UK financial regulations.
Even if you have the finances available to help out your friend or family member without the need of a payday loan, taking one out and showing them the monthly repayments needed is more likely to result and then paying back the amount borrowed. All too often, it is easy to borrow money from family and friends and not pay it back. However, when shown the official credit agreement, they are more likely to pay back on time to prevent you from incurring a negative credit score on your credit history. While a basic credit check will be performed on every application for a payday loan, typically the process is not as in-depth nor strict as with high street banks and building societies. The amount of time that it also takes to approve and deposit the credit is much faster and can be received in as little as a few hours.
Regardless as to whom you are taking the short term loan out for, you should always do so because you feel comfortable doing it and not because you feel pressured. Helping a loved one get out of a difficult situation not only feels good but also provides them with the stability and financial relief from what they are experiencing. There is an old saying that you should never lend money to family and friends, but what kind of family member or friend would you be if you left them to struggle on their own? There comes a time in life when we will all need help, and if you are willing and able to help out a loved one, then a payday loan from Sure Money UK may be exactly what you have been searching for.