Flmquick.co.uk
This lender requires a guarantor with a fair credit rating
Visit WebsiteVery few lenders out there will offer you £50 but that is the minimum from FLM Quick Loans. It does make sense if that is all you need to keep the balance low. They offer loans up to £500. They specialize in the micro loans because too many lenders put pressure on consumers. They may only need £200 but the lender can give them £800 and they take it. They have deep pockets for a moment, but then they owe a crazy amount of interest.
You won’t get such games from FLM Quick Loans and they will get you approved fast. There is no credit check and you never have to fax them any documentation. The funds will be placed into your checking account so you can use them any way that you would like to. They also don’t charge you any additional fees for the low amount of money you borrow. That is a common problem out there with some lenders – they know they aren’t making much in interest so they charge more in fees to make up for it.
The one thing you do need to know about this lender is that they will ask you get to get someone you know to secure the loan with you. Should you default on it, that person will be held legally responsible for the repayment of it. This co-signer will need to have decent credit in order to take on such a role.
Individuals that are approved for a loan from FLM Quick Loans also need to be 18+, live in the UK, and have a valid debit card for their bank account. They can’t have a bankruptcy that they are in or that they have filed for in the past 7 years. If you meet these requirements there is no reason why you can’t get a loan quickly and with very little interest to pay.
The repayment plan with FLM Quick Loans is always at least 10% of the amount you borrow. That is some of the lowest payments you will find out there. However, it is always wise to see what the overall cost of the loan will be once you make those payments. Remember, interest continues to accrue on the remaining balance so the longer you stretch out the loan, the more you pay in the end.
Pros
- Loans starting at 50 quid.
- Low interest
Cons
- A guarantor with a fair credit rating is required to avail loans with this lender.
- Poor website design, does not look trustworthy
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