Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £700 for 11 months at £120.48 per month. Total repayment of £1,325.26. Interest: £625.26. Interest rate: 150% pa (fixed). 277.5% APR Representative.
Yes! Here at Pounds to Pocket, we offer personal loan amounts ranging from £200 to £2,000. We understand that emergency expenses can rear their heads at any time. With Pounds to Pocket, you can apply for the amount you need, usually receive a decision in less than 30 minutes,† and have the money sent to your bank as soon as 10 minutes after approval!§ Our application process looks at more than your credit score, so you can even apply with less-than-perfect credit.
A £1,000 loan can help you quickly cover emergency expenses and unexpected costs. Car or home repairs that can't be put off anymore or urgent and unexpected bills that might lead to hardship if left unpaid and can put a severe strain on your finances. With a loan, you might be able to take care of those expenses immediately; repaying the borrowed money at a rate that is manageable for you.
It is important, however, that you carefully consider your ability to repay. Even if you use your loan to fulfil pressing financial responsibilities now, being unable to repay can leave you in an even worse situation down the line. One way to make sure you're prepared to take out a loan is to draw up a budget of your income and expenditures. See how much money you could comfortably pay back over the period of the loan you're considering, and don't borrow more than that. Once you've taken out your loan, keep your budget up to date, making sure that you always have enough money to make your payments.
Pounds to Pocket offers flexible repayment options, ranging from 6 months to 12 months. Longer repayment periods mean that your total repayment is split into smaller chunks. Typically, this means that, given identical loan amounts and loan costs, a loan with a longer term will have smaller payments than a loan with a shorter term. This can make it easier for you to budget ahead, allowing you to ensure that you always have enough money to stay on top of your repayments.