Here at No Fee Loans UK we like to do things differently. For people with a bad credit history the internet and the loan market are dominated by companies who charge upfront fees. Not all of these brokers have access to direct lenders, although they will appear to be legitimate and professional. Often, these ‘brokers’ will pass your details onto the brokers which do have access to lenders, creating a pointless chain of fees.
Here at No Fee Loans UK, we place a huge importance on how our customers are treated. Our Treating Customers Fairly policy underpins everything we do – from answering the phones to how we advertise our products. We believe that the success of our business relies on our customers being happy, and by making sure that fairness is a big part of everything we do, we can distance ourselves from the more unscrupulous lenders trading at the moment.
Guarantor loans may be a new concept to you, or perhaps you’ve known about how they work for a while. Either way, it’s always handy to know where they sit in the loan market. In order to ensure that you’re getting the right credit product for you, it’s important that you do some research into what‘s available. Here at No Fee Loans UK, we believe that guarantor loans are one of the best ways for those with a poor credit history to borrow money.
There are a lot of lending firms and brokers currently operating in the market. Many of them will demand an upfront fee with little intention of getting you the money you have applied for. Some will even ask for as much as the first payment up front on the promise this will ensure a quick, easy payout. Here at No Fee Loans UK, we don’t ask for any upfront fees to take out one of our loan products – all we ask is that you meet your monthly repayments in full and on time.
Avoid Loan Upfront Fees: Go Direct
One of the best ways to avoid being scammed by a broker or loan firm is to go directly to the lender themselves. This cuts out the middle-man element completely, meaning that it’s likely you’ll be getting the best rates and you won’t have to pay sign-up fees.Read more
Here at No Fee Loans UK we can help people in most credit situations. In fact, we specialise in loans for people with bad credit. If you’ve got a recent CCJ or a default, or if you simply haven’t taken out any credit before, we will look at your individual circumstances and make a responsible decision. By using a guarantor to back up your bad credit loan you are increasing your chances of being approved for a fair amount of credit at a competitive rate. Our application process has recently been streamlined, so it’s now easier and faster to apply. Once we’ve received a full application, we can pay out on the same day, meaning that No Fee Loans UK is both convenient and good value.Read more
We never charge upfront fees for the loans we offer. We are a lender, not a broker, which means you pay absolutely nothing until your first repayment on your loan, which is usually around one month after it hits your bank account (the actual date will be clearly stated on your credit agreement). Your first payment will be the same as every other payment you’ll be expected to make. This is because our rates are fixed, so you’ll never find that we’ve moved the goalposts.Read more
Hidden charges have become a large part of daily life in the last few years, which has led to those in the know being wary about their purchases, and those who are less aware occasionally being left out of pocket. Extra costs can pop up anywhere – from shopping for holidays to insuring your vehicle. Credit products can also be riddled with extra fees and charges, which means certain loans can end up costing more than you’d think. Here at No Fee Loans UK, we never charge upfront fees, nor do we hide what you’ll have to pay.Read more