The loans industry in the UK is certainly a very established one and there are numerous companies to chose from when looking to borrow money. The difficult decision is who should you turn to for efficient customer service and a fair deal? Interest rates on loans can be widely varied, from around 6% on the best loans to over 1000% on some short term cash loans!

So you can see that making the right choice is very important. We suggest you work out exactly why and when you need your loan and how long you intend to take paying it back before you start making any enquiries. You can then make an initial application or request a quote using the options on this site. We'll put you in touch with one or two recommended partners who will act on your behalf to find appropriate deal. Our partners are all recognised and well-respected companies and are all fully licensed under the Consumer Credit Act. The first thing a company will do on receiving your application will be to decide if you are likely to be able to get the loan you have asked about. There is no certainty that you will, because everyone's circumstances are different and numerous factors contribute to this decision. Your previous credit history, your current employment status and earnings, and the level of any other borrowing are important considerations. Your credit history or credit record is provided by the recognised credit reference agencies who hold information about your previous and current borrowing, including credit cards. The information held by these agencies is also available to individuals for a small fee, so if your request for a loan has been turned down for credit history reasons, then it's worth getting a copy of your own record to ensure it is correct.

The question of payment protection or loan insurance is an important one. Although this cover is not a condition of any loan, it may be prudent to consider how you would manage to keep up your loan repayments if your earnings were reduced due to redundancy or illness.