Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk

Looking for a loan? Consider your options...

Need a quick, easy and straight-forward cash injection before your next payday? It's time to look for alternatives to the old payday lenders. 

Well, a short-term loan from Ferratum could be the solution you’re looking for to help erase those financial fears.

The pressure of not being able to pay even the smallest bill can cause stress, depression and sleeping problems – a short-term loan can solve those troubles.

The idea of these short-term cash boosts is to lend an amount – typically between £100 and £300 – that will help you out before you receive your next paycheque.

As such, repayment of the short-term loan is required between 7 and 45 days of completing your transaction.

Applying for a loan is a simple and stress-free process that can be completed in less than a minute with payment usually received in less than 24 hours, typically with Ferratum if you apply during normal working hours a loan can be in your account in as little as 4 hours (dependant on your bank).

What makes a short-term loan so appealing is that you are not always required to have a good credit history (lender dependant – look for a responsible lender that run credit checks such as Ferratum).  An application will merely require you to provide some everyday information along with your employment status.

The amount of cash that you will be eligible for is usually dependant on your income in order to reassure the payday lender that you will be able to payback your claim within the specified time frame.

However, it is important that you don’t rush into the first lender that you come across and go head first into a loan. First of all, it is vital that you clarify that the lenders you are using are legitimate; furthermore, check to see if they are a responsible lender i.e. not allowing an individual to take more than one loan at any given time.

Secondly, you must consider the rate of interest that you will be paying on your loan – search around to discover the lenders that can offer competitive rates.