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Short Term Loans

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.
786 Loans is a credit broker and not a lender

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

What Are Short-term Loans?

Short-term loans are a small sum of the amount borrowed for a short period of time. These loans can be repaid over a period of a year or less. These unsecured credits help one to manage their personal finances during emergencies and can be used for any purpose. These are designed with a considerably reduced term to enhance the flexibility and ease in usage.

These loans have a fixed rate of interest, which means that the monthly repayment amount will remain the same throughout the tenure of the loan. Short-Term loans in the UK do not require any collateral and hence, people tend to opt for it during a financial crunch. However, these loans have higher interest rates and should be opted for when certain about the repayment.

How to Build Your Credit Score With a Short-term Loan?

As long as you repay in full and on time, your credit score will not be damaged. People often seek short-term loans for bad credit to improve their credit score. The change doesn’t happen overnight. You have to keep your patience and spirits high during the repayment period. The score will gradually improve.

Maintaining a good credit score is extremely necessary as our credit report reflects our financial behaviour. It shows how good we are with our personal finances. Avoid overlooking repayments because that will only downgrade your credit score.

There are other ways as well to improve your score. Pay all your bills on time and be regular with the repayments. Every financial activity gets recorded and that is how different Credit Reference Agencies calculate your credit score. Depending on the model of score calculation, it may vary from one agency to another.

How Do Short-term Loans Work online?

A traditional loan from a bank can be repaid over several years. However, a short-term loan has to be repaid within several months. These loans are designed for emergencies such as to repair a broken boiler, maintenance of the car, or to pay for any medical bill. A small amount of money can be borrowed unlike a long-term loan or a secured loan that requires collateral to be pledged against it.

  1. You decide the amount you can afford to borrow and fill in the application form.
  2. You will find various proposals made by multiple lenders with different interest rates.
  3. You select the lender you feel comfortable to go ahead with.
  4. The lender will perform a credit check on your profile to assess loan eligibility.
  5. If the lender approves your application, the loan amount will be transferred to your bank account by them.
  6. You have to repay the lender as per the agreement including the rate of interest.

Avoid missing any repayments as it may damage your credit score and this might restrict you from borrowing in future.

Short-term Loans Alternatives

A sudden requirement of money may leave us with no other option rather than taking out a short-term cash loan. There are many alternatives to short-term loans and they come along with their set of pros and cons.

  1. Credit Card: The access to funds with a credit card is easier and can take only a few seconds if you have limit left on it. However, the repayment has to be done in the next month. It doesn’t allow you to repay the amount within a longer duration of time.
  2. Friends & Family: Borrowing a loan from friends and family during financial emergencies may seem like a viable option. However, there are chances they may turn you down. Because everyone has financial problems to deal with.
  3. CDFI: Community Development Finance Institutions are also a great way to borrow an unsecured loan. However, access to these institutions is not as easy as they are not located everywhere. They are limited in number.

Can I Apply for a Short-term Loan Online in the UK?

Applying for an instant short-term loan could never be easier with 786 Loans. If you are facing any financial constraint and you have already tried to gain financial help from all other alternatives, then you may opt for these high-cost short-term credits.

There are a few prerequisites for applying:

  • You must be a citizen of the United Kingdom
  • Your age must be 18 or above
  • You must have a valid and active bank account
  • You must have a regular source of income

A regular source of income will prove that you have a static cash flow and you can easily repay the debt that you have taken from the lender. These loans are unsecured in nature and hence, the lender doesn’t have any security of your repayment. Your source of income may serve as a supporting statement of your repayment affordability.

Manage Your Personal Finances – The 786 Loans’ Approach

Build healthy money habits to stay at the top of your financial goals. Lack of funds may create unpleasant situations and force you to borrow money. However, if you know how to tackle the situation in the right way, then you can always manage to save yourself from the debt trap. If you feel burdened with the pressure of the debt, you may also contact organisations who provide free and confidential debt advice. Do not hesitate to contact them as they may help you out in such situations.

786 Loans is an FCA authorized loan broker operating in Nottingham, Bristol, London, and all other major cities across the UK. It offers an array of unsecured loans, you can check the loan categories we 786 Loans deal in here. You can even apply for Payday Loans with ease. Please note that we abide by all the rules and regulations by the FCA to help it build a fairer and transparent lending market in the UK.

Our aim is to promote responsible lending and borrowing. Being an FCA registered loan broker, we deal only with authorised short-term lenders in the UK. Always be sure of the repayment even before you apply for a loan. In that way, you are securing yourself and your future financially.

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0203 633 1034

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786loans.uk is a registered Trading Name of Tiger Lion Financial Limited. Tiger Lion Financial Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 753151. Tiger Lion Financial Limited is registered in England and Wales (Company number 10189367), Registered Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Licenced by the Information Commissioners Office, (registration number ZA185613)

Authorisation can be checked on the Financial Service Register at www.fca.org.uk.

786loans is a dependable brokering service available from Glasgow to Southampton, covering all the major cities including and not limited to Leeds, Manchester, Liverpool, Sheffield, Nottingham, Birmingham, London and Bristol. Fill a form to find out the closest loans near you.


786 Loans 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.

786 Loans does not charge any fees. If you are contacted by anyone claiming to be from 786 Loans 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.

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786 Loans
71-75 Shelton Street
Covent Garden, London, WC2H 9JQ United Kingdom
0203 633 1034
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