Get the funds you need fast without hassle. If you need cash assistance that is simple, quick, and reliable, we have it right here! Don't settle for less. Borrow for up to £25,000.
- Apply for 50-1,000
- Fast Payout
- No Fees
- Secure Application
- Available 24/7
- Bad Credit
We make loaning easy and fast
Whether you're at home, office, or stranded on someplace, you can easily apply for a loan. Using our online platform, you can apply anywhere. You can have the funds you need in just a few clicks.
Select Loan Amount
You can select the amount that you need, exactly what you needed. We offer a range of options that you can choose from. And the best part is, you can have it as fast as two minutes.
The application process is so simple. Just complete an online form and provide your information. Make sure to include your proof of income and employment verification for your loan qualification.
Once you have completed the application process, you can sit back, relax, and watch the funds deposited directly to your account.
Risks of Getting £50 Loans from Loan Sharks
Loan sharks are considered illegal in the lending world. But they do exist and there are a lot of people that still fall prey to them regularly. They operate by taking advantage of people who are in desperate need of money and cannot qualify for a standard loan mainly due to their bad credit history. It is never a good idea to deal with loan sharks. They are only likely to worsen your current financial situation and can even cause you added anxiety and stress. Worse, they can even put your life in danger. Knowing the signs of loan sharks will help you effectively avoid ever doing business with them.
Extremely high interest rates
It is common for loan sharks to charge interest rates that are ridiculously high. They prey on the desperation of their victims. They’d require the loan to be paid back after only a short time too. This can cause borrowers to have a hard time paying off the debt on the set de date causing them to borrow more and falling further deeper into a vicious debt cycle.
Unlike regular, legal lenders, loan sharks will not be able to provide any formal agreement detailing the terms and conditions of the loan. This can often lead to borrower abuse as they may just decide to add extra fees and other costs as they please, causing the loan balance to just balloon in the process.
No repayment records
Loan sharks cannot be expected to provide a record of the repayments you have made. This makes borrowers prone to lender practices of adding more to the debt as it is hard to keep track of how much one has already paid so far.
Violence and harassment
Loans sharks are also notorious for resorting to violence, intimidation and harassment when dealing with their prey. They also pressure people to borrow more to pay off the previous loan. They are dangerous, which is why people are advised to never transact with them.
When you’re a little short of funds, a pawnbroker may be able to assist you. All you need is to have something of value like jewellery and either use it as a security for a loan to take out some cash or sell it to the pawnbroker.
Handling A Pawn Loan
Dealing with a pawnbroker means handing over the pawn or the pledge item to get valued. You should then be handed a form, along with a credit agreement. Before signing the agreement, you need to make sure that you understand all the details it includes and ask questions if there are things that may be confusing you.
A credit agreement should detail the length of the loan and how much are the costs involved. Most of the time, it will be around six months but it could be longer or shorter depending on what the lenders are offering. You’ll also be provided with a pawn receipt when ten stands as proof that you are the owner of the pawned item.
How To Redeem Your Pawn Loan
Redeeming the pawn can be one at any time. All you need to do is bring the pawn receipt, pay whatever it is that you owe, and the pawnbroker will return the pawned item to you. If you fail to get the loan repaid on time, the pawnbroker may sell the item in order to recover the money. In most cases, you will be given a 14-day cooling-off period. This is when you are given the right to cancel the agreement and pay the interest for the credit’s period.
If you are unable to redeem the pawned item by yourself, you can always send somebody else to do it for you. Most lenders will allow you to send somebody else on your behalf to make the payment and to get the pawn. He will need to have the pawn receipt though as proof. It is also best to inform the pawnbroker ahead of time that you’re sending someone eels over on your behalf.