Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Oyster Loan is a credit broker and not a lender
We compare loans that can be paid back over terms of between 1 and 25 years. The APR interest rate you'll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%. This is a representative example of what it may cost : a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22
Are you looking for a way through which funds can be arranged, despite the bad credit history? At Oyster Loan, we can help you and we do so by arranging funds in the form of poor credit loans. With us, you can enjoy the benefits of a customised alternative, designed to suit your specific needs and demands. As far as poor credit loans in the UK are concerned, you have an opportunity to attain appropriate funds.
Most of the poor credit loan brokers abstain from helping out those with poor credit. Our job is to find affordable loans for people with bad credit. These loans can be just the thing to get you back on your feet.
If you are going through a period of uncertainty, then we might be of some help. We have deals in the form of unsecured loans for poor credit, which can be accessed without providing any collateral. There is no risk as such and the funds applied for can be sourced with feasible terms.
We believe in simplifying things and our loan application procedure is a product of the same philosophy. You can apply for loans with poor credit rating, without facing the usual hurdles. In fact, you are required to fill in the details in the online form, which we will submit to the lenders. Once the verification process including credit and affordability check gets over, you will see a list of lenders who are willing to offer you loan. You can choose the lender you will to deal with. .
Loans for poor credit people are an effective way to attain finances, just to keep the proceedings under control. We at Oyster Loan mediate with the lenders with the intention to fetch ideal poor credit loans that are geared towards providing a workable solution.
Note: All loan approvals & quotes are subject to credit score and affordability requirements by lenders. If you meet the lender's criterion, they will be more than happy to lend you money. We as a broker make all efforts to process your application with the suitable lenders in our panel.
Oyster Loan is a licensed LOAN BROKER and not a lender. The website is registered in the UK and is authorised and regulated by the FINANCIAL CONDUCT AUTHORITY (FCA). WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.
Oyster Loan does not charge any fees. If you are contacted by anyone claiming to be from Oyster Loan and requesting you to make a payment, report it to www.actionfraud.police.uk.
All Loan approvals & Quotes are subject to Credit Score and Affordability requirements by lenders. If you meet the lender's criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.
Contact your lender directly if you have any worries about making your re-payment. If you do not endeavour to do so you will be unable to arrange any payment options and where the situation remains unresolved (where you have not re-paid your loan), the lender can exercise their right to pass your details onto a third party collections agency. This agency will then work to recover your unpaid arrears (plus any interest accrued as a result of your non-payment).
Implications of Non-Payment
By not making your short-term loan re-payment on time, you could be subject to fees and penalties, which will be implemented at the discretion of your individual lender. The details of any charges that can be added to your loan re-payment amount will be detailed within your loan agreement and this will include the reasons why further charges may be added. If you are late in making your payment this could also have a negative impact on your credit score. Therefore, in order to avoid having to re-pay more than your original agreed amount, we suggest that you re-pay your loan on time. If you fear that you will experience difficulty in paying back what you owe, please contact your lender as soon as possible.
Where you feel that you will not be able to meet your re-payment date and will need to make your payment at a later time – you must contact your lender to arrange this. If you do not, it could be assumed that you are unwilling to re-pay your loan and therefore you could incur a higher fee or charge than you would otherwise have done by simply extending your loan term. A late payment fee usually amounts to anywhere between £1 and £100 and this will vary dependent upon your lender. However, we do not advocate the unnecessary extension of short-term loans and as a result we ask that you ensure that you will be able to re-pay any loan that you apply for. For more information, please read and understand the terms and conditions associated with your loan agreement.
We do not advocate the renewal of short-term loans however, in the instance that you wish to do so you must contact your lender immediately. You will often be charged the same rate of interest or fees for an extra month however; this will be charged on the full amount that you owe to the creditor (amount borrowed plus first month's interest). If you are late in making your loan re- payment or you fail to make the re-payment at all, your loan may be automatically rolled over thus automatically incurring further interest and charges. Any amount that you have borrowed you will be liable to re-pay so, please make sure that you only take out a loan if you can afford to pay it back in full.