About Everyday Loans
Everyday Loans offers a range of personal and bad debt loans to the customers especially those having bad credit history. Everyday Loans was founded in 2006 with the aim to help people having a less-than-perfect credit history get the unsecured loan they need. Their lending model of Everyday Loans offers two key features:
• The rate they offer depends on a customer’s credit history - the lower the risk you have, the lower the rate is offered. APR range is 19.9% to 299.9% with the representative APR being 79.4% • Customer applies online (through website) and once he or she gets an instant decision, they can complete their application by visiting their local branch.
Everyday Loans is a specialist personal loans and bad debt loans lender, offering a range of loans under these categories at affordable prices and competitive interest rates with free of cost initial application assessment. The loans offered include loans for debt consolidation, home improvement, cars, wedding as well as unsecured loans and loans for couples and young people. People who already have been refused with their loan application and want to consolidate their bad debt or are looking for financing to meet their unexpected expenses, may also consider Everyday Loans. The loans offered by Everyday Loans range from £1000 to £15,000, with an APR (representative) starting from 24.2% (based on the credit rating), and the choice of repayment tenure as 24 months to 60 months.
Applying with Everyday Loans doesn’t disturb your credit score. The company uses the Soft Searching Technology, implying that even if you're unsuccessful; it won't go against your credit file.
The Core Features of Everyday Loans
- APR starting from 24.2% to 299.9% max APR (based on Fair Credit Rating)
- Acceptance of poor credit, CCJ’s & Defaults
- Borrowing ranges from £1000 to £15000
- Fast application processing
- Flexible loans repayment terms, from 24 to 60 months
- Prompt customer service
- Extensive network of branches
How does it work?
Everyday Loans deals with an extensive network of branches that cover around 80% of UK postcodes - so there is a high chance that there's one near you. They are continuing to open new branches to help extend their reach. Where there is no branch they can on occasions lend from a central team (though terms are stricter).
Once you have applied online and been accepted the branch will get in touch and arrange a time for you to visit. At this point you take any documentation with you they ask for and complete the process. The loan can be paid can be made immediately. you can borrow from £1,000 up to £15,000 over 24 to 60 months, for almost any purpose, except for business, gambling or illegal purposes.
The Final advice
Everyday Loans has an inspiring philosophy and the attention to detail that their branch system offers. If you have had credit problems and want an unsecured loan then it is certainly worth considering Everyday Loans. To get loans from Everyday Loans, you don't have to be a homeowner, as they offer tenant loans and loans to people living with their parents too.