Representative APR Example
£300 borrowed for 30 days. Total amount payable by one repayment: £372.
Total interest payable by one repayment: £72. Representative APR 1223.6% (Variable)
Amount
£0
Term
0 Day(s)
Interest : £0
Repayment : £0

Welcome to Loans Shelter

Loans Shelter is where you can resort to whenever you are hit by a financial crisis. We make it easy for you to find the cash you need. Our services can be availed round the clock, no matter in which part of Britain you are from. With the large number of lenders in our network, it will be absolutely easy for you to find the financial assistance you are in need of. All our services can be availed anytime and from anywhere. Simply hit the apply button and find us at your service right away. But ahead of applying you should first completely understand about the loan deal you are applying for.

Implications of Late/ Non-Payment

Short term loans are ideal solution when you need quick cash aid. They are meant for short term needs and should not be applied for long term debts. Repayment should be taken responsibly. We understand that circumstances do not remain same always and you may find yourself unable to repay back the borrowed money. Late or non-payment can have various consequences. It could have negative effect on your credit score and you may be charged with default fees. Lenders may also take legal action against you in order to recover the outstanding amount.

Collection Practices

Short term loan charges higher interest rates and are among one of the riskiest loans available. Individuals who fail to take repayment seriously are likely to end with collection actions and lawsuits. Various collection practices are performed by third party debt collection companies to collect the debts. The debt collection companies works as agents of creditors and perform collection practices. All such companies are governed by the state laws.

It is the responsibility of the borrower to verify the debt. If they dispute the debt then they should immediately contact the lending company. All necessary proof should be acquired by the lender stating that you own the loan. As per law, the collectors are prohibited from taking legal action against you or threatening you. They are also restricted to reveal information related to your debt to third parties.

Ethical lenders with proper license are less likely to engage in abusive collection practices. Some of the abusive collection practices used by unethical lenders include calling repeatedly at odd hours and abusing until you have repaid back the debt. Therefore, it is important to choose your lender carefully and understand the law in your region. If you are in doubt consult an attorney without delay.

Loan Renewal Policy

All loan renewal policies are governed by the state law and regulations. By opting for renewal you are delaying the loan repayment. Renewal policies may vary among lenders. Some lenders may strictly prohibit them. Therefore, one should first check the lender's policies. Renewal fees could be significant and can put you in serious debt. So, before you enter into a loan agreement verify the lender's policies.

Credit Score Impact

Having low credit or poor credit does not disqualify you directly from qualifying. But lenders are going to base their approval decisions and the amount you receive on your current credit status. So, based on your credit score your loan application may either be accepted or rejected.

At Loans Shelter you can find us round the clock. Contact us whenever you are in need of any assistance.

We Are A Broker, Not A Lender

The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan through our UK network of leading Payday Loan Lenders and Brokers. The personal, financial and employment information that we collect is stored electronically for the duration of your application and is removed from our system upon acceptance from a lender.

We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayments please do not apply with us in the first place. It is not worth risking your credit rating nor any financial consequences which might result.

Payday Loans are classified by the Financial Conduct Authority as High Risk Financial Instruments and are typically subject to higher rates of interest than those charged by 'high-street commercial lenders'.

Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions.

Any queries or complaints regarding our service should be addressed in writing to this address.

Pervasive Web Solutions is authorised and regulated by the Financial Conduct Authority to carry out Credit Broking: Authorisation Number FRN740122
Authorisation can be checked on the Financial Service Register at https://www.fca.org.uk/register

PLEASE READ TERMS & CONDITIONS OF LENDERS OR BROKERS BEFORE PAYING ANY UPFRONT FEES.

Site owned & operated by
Pervasive Web Solutions
Room G49, Lakeside House, 1 Furzeground Way,
Stockley Park, Uxbridge, Middlesex, UB11 1BD

Authorised and regulated by the Financial Conduct Authority.
Authorisation can be checked on the Financial Service Register at https://www.fca.org.uk/register
Credit Broking: Authorisation Number FRN740122
Data Protection Reg No: ZA123718

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