Struggling to get a loan? Do you find that many lender only offer secured loans and you don’t want to risk using your personal assets as collateral? We at Payday Loans Net can help you with acquiring funding as an alternative to secured loans in the UK. You can borrow money without the risk of repossession of assets with a secured loans alternative. Rather than taking out an emergency secured loan online, we can offer you a short term solution to your financial issues.
To start an application, click apply now and choose a loan between £300 – £1,000, with a repayment term over 3 – 6 months. Fill out our short application form and you could have the funds in your account the same day if approved. You can apply for alternatives to secured loans today with the money reaching your account within 1 hour of approval. Why wait! Apply today and see what alternative solutions to secure payday loans in the UK we have available.
What is a Secured Loan?
You may have come across secured loans in the UK in the past, or you may be thinking to yourself, “what is a secured loan?” So, what’s a secured loan? Secured loans are essentially loans tat require you to use a personal asset, a piece of property or any of your other valuable belongings as collateral when you borrow money. If you were to get a secured loan today, you would need to use an item such as your television, your car, or even your house as collateral.
If you aren’t familiar with the term, don’t worry. Secure payday loans will always come with collateral as clause, so this is important information that you should know to stay informed. Collateral is what you will use to repay your loan if you are unable to make adequate, prompt, or full secured loan repayments. Many brokers will offer secured loans in the UK, but this is often a dangerous and financially damaging form of lending. You must be weary of loan sharks when it comes to secure payday loans in the UK. Loan sharks are used by many elicit or immoral secured loans lenders or brokers and will come to your home without warning to repossess your personal property.
If you think that a secured loan is what you want, we cannot offer this, but it is important that you compare secured loans online to make sure that you are getting the very best deal possible. When you compare secured loans, always read the small print of the secured loans terms. This will help you ensure that you will not have to face any surprises fees, unexpected costs, or excessive interest rates without prior knowledge.
Alternative to Secured Loans for Bad Credit
Often secured loans in the UK are sought out as a last resort by individuals with poor or bad credit. Don’t assume just because you have a poor credit score, you will need to seek out secured loans for bad credit.
Rather than opting for an emergency secured loan from an untrustworthy lender or broker, it is advisable to think again when you think you need to get a secured loan today. Instead of looking for what you think is the best secured loan in the UK, instead, opt for one of our unsecured loans. This will allow you to access funding without having to use your assets as collateral. Even if you see the “best secured loans in the UK” being offered, there is always a better option with Payday Loans Net.
When you apply for a loan that isn’t a secured payday loan in the UK with us, we offer an easy approval process, even offering those with a poor credit history the opportunity to borrow the cash they need today.
Apply now and acquire funding from us, rather than searching for secured loans in the UK.
Apply Today for Alternatives to Secured Loans in the UK
We at Payday Loans Net are trusted loan lenders. Rather than offering secured loans online, we offer unsecured forms of lending, fully authorised by the Financial Conduct Authority (FCA). It’s important to only use lenders who are approved by the FCA as this ensures you are treated fairly as a borrower. We work to responsible lending guidelines to ensure all applicants are considered equally and that we only approve a loan application if this will not cause you to fall into further financial difficulties. If you find secured loan lenders and you are not sure they are authorised, you should check the FCA register to ensure they are a trustworthy establishment.
Secured Loans in the UK FAQs
Should I Apply for Secured Loans in the UK?
Do You Charge a Fee to Apply for a Secured Loan?
Apply for Alternative Secured Loans Online
If you wish to apply for alternatives to secured loans online today, simply click apply and begin your application process. We have made our alternative options to secured payday loans in the UK as straight forward as possible, so you can access funding on the very same day without having to worry about repossession of property. Fill in the application form to alternatives to secured loans, state how much you wish to borrow and how long for and you can receive funding within an hour of approval. We will never pass on your confidential details, so if you need an alternative to a secured loans, we can assure you that any details you submit are safe with us.
Secured Loans in the UK
If you have poor credit score, it can bet tempting to look for secured loans for bad credit. At Payday Loans Net, we prefer to offer an alternative solution to emergency secured loans, so you can borrow in a much more convenient and safe way. We do not provide secured loans online, but we do offer loans for those with bad credit.
To be eligible, you will need to:
- Reside in the UK
- Have a UK bank account
- Have a steady income
If you are over the age of 18 and you are not in current financial difficulty, being able to prove you can afford the loan you want, we can look to help today. We are a UK-based direct lender of short term loans, so if you have bad credit, you can apply with confidence today.