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
The rate you are offered will depend on your individual circumstances.
All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.
Representative APR example: for comparison purposes 12.9% APR Representative Fixed based on a loan of £10,000 repayable over 60 Months. Monthly payment of £223.43 total amount repayable £13,405.80.
Cash can be a necessity, especially, when your finances are under strain. The stress of a bad credit can often place a serious strain too. Oyster Loan is a trading style of Tiger Lion Financial Limited registered in England and Wales bearing company number 10189367. We put efforts to make you come over your financial stress by searching flexible deals on short-term loans in the UK.
We are a short-term loan broker in the UK, which offers help in finding the right lender for you, during the time of financial instability. Whenever you are in doubt over your credit history or need quick credit, contact us. Besides the bad credit short-term loans, we also have expertise in short-term loans for self-employed or part-time employed people.
Having a bad credit score can be a financial nightmare, especially during those times when you need cash for an unexpected emergency. Oyster Loan has expertise in offering regulated deals on short-term loans for bad credit people.
Oyster Loan is based in the heart of the UK with a mission to regain the trust of customers in the unsecured loan industry. . We are focused on finding our customers the right short-term loan for them. Whether it is short-term loans for poor-credit people or short-term loans for the self-employed, we keep our customers happy and satisfied.
Bad credit is not a problem for us, and we are going to make it sure that it is also not the problem for you. A bad credit score or bad credit history could prevent you from having access to credit, but definitely not with us. At Oyster Loan, we understand that bad credit rating are not always a true reflection of your financial condition. We work with a pool of regulated lenders and a few among them might overlook your credit history and provide the loan you are looking for. But before giving you an answer, a soft credit check will be conducted on your credit report to assess the repayment affordability. A soft credit check doesn’t harm your credit score.
We do not deal with no credit check loans as the FCA has made credit check mandatory. We prefer to conduct a soft-credit check. A soft-credit check does not harm your credit report. However, as an FCA authorised loan broker, we are associated with many non-traditional lenders who look at the main factor of your ability to repay the loan.
Hence, if you are able to convince the lender and us that you will be repaying the loan in time then, we can always help you find a lender even if you have a bad credit.
Many loan applicants are actually tired of being credit checked so often and do not want to wait for their loans to be approved and disbursed. However, short-term loans for bad credit are a reality, if you approach Oyster Loan. These special loans may have a high-interest rate, but they can come in handy in case you are facing a financial difficulty.
At the same time, if you repay the loan on time it will have a positive impact on your credit score. Short-term loans can be of two types – the ones that have to be repaid as a single lump sum and the other, which have to be repaid in instalments. We believe in responsible brokering and hence we will help you to decide which type of loan you should take, while keeping your financial condition and circumstances in mind.
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.