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When it comes to taking out a short term loan, you may have been turned down by other lenders. Having bad credit can unfortunately prevent people from accessing certain types of credit. You might be unable to get a bank loan, for instance, or take out a credit card. But a poor credit history doesn’t have to stop you from getting the funds you need.
Here at My Financial Broker, we understand that you’re probably tired of completing loan application forms, only to be told that your credit score is too low to be eligible for a loan. And in most cases, a poor credit score is due to things that happened years ago, or events outside your control.
That’s why we started this service - to help those with bad credit find a lender. We believe that everyone should have access to credit, regardless of their credit history.
One of the best things about a broker service is that you’re essentially applying for a loan with multiple lenders, but without impacting your credit score. We only perform soft credit checks when you apply with My Financial Broker, so it won’t be reported on your credit file or affect your score.
Making multiple loan applications with different lenders in a short space of time can actually damage your chances of loan approval. If each of these lenders undertakes a hard credit check, this may lower your score. You can therefore increase your chances of getting a loan by using a broker service.
We’ve got some of the best rates in short term lending when it comes to applying. More than 99% of our customers are offered a potential solution when they make a loan application with My Financial Broker. So when we say we’re here to help you access credit, you know that we really will do everything we can to assist you.
Applying using our services is also completely free - we work on a commission basis with our panel of lenders, so our customers are not charged a fee.
Most people look into short term loans when they have an emergency expense. And if this is the case, they’ll probably need the funds as soon as possible. We’ve therefore streamlined our application process, to ensure you’ll get an instant on-screen decision. Most lenders also aim to pay out funds within an hour of approval.
When you apply for a loan with My Financial Broker, our application form should not take more than five minutes to complete. We’ll ask for a few personal details, information about your job, your income and expenditure, as well as your bank details. You then simply need to confirm that you agree with the terms and conditions, and we’ll do our best to match you with the right lender!
When it comes to the various types of short term loans, we’ve got you covered. From payday loans to longer term instalment loans, applying with My Financial Broker means you have a number of options available.
Depending on your circumstances, you may only be looking to borrow a small amount of money, and pay back little interest. A payday loan may therefore be the best choice. Or perhaps you have a large expense you need to cover, so wish to spread your repayments over a longer period of time - this would be an instalment loan. For those with poor credit, you may be looking into bad credit loans or guarantor loans. No matter what your situation, there will always be a loan option for you.
For more information about the different types of loan on offer, you can click on the guides below