While it is nice to have a predictable life, sometimes unexpected situations arise. These situations might require extra money to handle. When people find themselves unprepared, they often turn to quick loans.
If you are in need of emergency funds, it is wise to choose reliable financial companies. In this article, I will provide a Little Loans review and their quick loan product to help you make an informed decision.
Little Loans Review
Now, let us talk about Little Loans. Many people mistakenly think of them as a lender, but that is not accurate. Little Loans actually acts as an authorized and regulated broker. Their role is to connect borrowers with lenders who offer short-term unsecured loans. Little Loans, also known as Digitonomy Limited, is registered in England and Wales (company number 08385135).
Let’s know more:
Who are they? Digitonomy Limited is a company that operates in the financial sector.
They are officially recognized by the Financial Conduct Authority (FCA), which oversees financial services in the UK.
Registration Numbers:
- FCA Reference Number: 690249
- Information Commissioners’ Office (ICO) Registration Number: ZA007309
Where are they located? Their registered office is at Steam Mill Business Centre, Steam Mill Street, Chester, Cheshire, CH3 5AN.
What to know about quick loans
Getting a loan can be tricky if you have a low credit score. However, there are more than 80 lenders who are willing to work with people even if their credit is not great. These lenders can help you out in emergencies, regardless of your credit history.
You have two options: apply directly to lenders online or work with a broker. If you meet their requirements, your loan application can be approved within minutes.
However, it’s essential to know that while credit history matters, these lenders don’t operate like regular banks. They consider your situation of current financial when deciding whether to approve your loan.
Also, keep in mind that they’ll check your credit thoroughly before lending you money. If they run too many credit checks, it might affect your credit score, and they might see lending to you as risky.”
What Little Loans offer
When you apply for a loan directly, your approval or rejection depends on your personal information and credit report.However, teaming up with brokers like Little Loans can lead to better outcomes. Here is why:
- Higher Acceptance Chances: Little Loans can help you find a lender who is likely to accept your application.
- Faster Process: Applying through Little Loans is less cumbersome, so you can get your funds quickly.
Now, let us talk about the specifics of Little Loans:
- Loan Range: You can apply for a loan starting from a minimum of £100 up to a maximum of £10,000.
- Lender Decision: The actual loan amount depends on your financial and affordability situation.
- Repayment Schedule: Before finalizing the loan, your lender will provide a repayment schedule. Quick loan repayment periods typically span from three months to sixty months. You can choose which day of the month to make your payments. Each monthly payment covers part of the original loan amount and the interest.
FAQs
What is Little Loans Review?
Little Loans is not a lender but a broker that connects borrowers with lenders for short-term unsecured loans.
Can I get a loan with bad credit?
Yes, there are over 80 lenders that may consider borrowers with bad credit for emergency loans.
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