Need 500 to cover an unexpected financial emergency? Do you need to send your car in for repairs or have you just been landed with a big bill from the vets? Are you concerned that a poor credit score will mean that your request will be rejected if you apply for the money you need?
Applying for a fast 500 loan through Little Loans is easy and straightforward and you don't have to wait days to find out whether your request has been approved or not.
You can apply online for a 500 loan even if you have a poor credit score.
As you'd expect, the choice of loan providers you have will be limited compared to another borrower with a higher credit score. There are over 80 lenders in the UK specialising in providing small loans (including 500 pounds) to people who have had credit problems in the past.
Finance companies make a lending decision based upon the personal circumstances of the borrower. A lender will want to ensure that the loan is affordable to a borrower. Affordability is assessed by working out how much spare money you have left after you've paid all the bills you have to pay in a month.
If a lender thinks that you do have enough left-over money available and that you won't experience any hardship in making the repayments, they will be more inclined to accept your application for credit.
Applying for 500 loans either direct to a lender or via a broker like Little Loans is simple. You can choose the length of time you want to pay your 500 loan back over - 3 months, 6 months, or 12 months.
Do you really need a 500 loan? Do you have any savings you can use to pay for what you need to pay for instead? For example, if you need 500 and you can contribute 200 of your savings, why not ask for a 300 loan instead?
Compare the amount you pay in interest on a 500 loan with the interest your bank pays you on your savings. The interest you pay on a loan is nearly always greater than the interest you receive on your savings.
Whatever unexpected situation you need help to cover, you can make a quick online secure application to borrow 500 with Little Loans.
Little Loans is a broker, not a lender - we don't lend any money ourselves. What we do is we work with our panel of authorised and regulated lenders to find a competitive and affordable 500 short-term loan for you.
When Little Loans start working with a new lender, they tell us the types of loans they provide and the types of borrower they like to work with. Using the information, you give us when you apply, we then match you with the loan companies most likely to say "yes" to your request for finance.
You'll be asked for information on your financial situation and for certain personal details when you apply
You'll be asked questions about:
We contact each lender we work with on our panel in turn. Once they've received your details, they run a soft credit check on you. These soft credit checks do not affect your credit score and other loan providers can't see them on your file.
We then re-direct you to the website of the first loan provider who offers a positive response, telling us that they'd like you to make a full application to them.
When you're there, complete the loan provider's application form in full. They'll then run one hard credit check on you as part of their decision-making process.
Within an instant, you'll see the decision that the loan provider has made on your application - your request will either be accepted (for the full amount or a reduced amount) or declined, depending on your circumstances.
If you're accepted and your application has been approved, you'll be shown details of the offer your lender has made you.
You'll see the fixed interest rate or APR you'll be charged (this may be different from the representative APR on the lender's site) together with any other fees and costs you may have to pay.
You'll also see what your monthly repayments are and when they'll be collected from your bank account.
There may be a cost to you if you miss any of your monthly repayments. You may also be charged if you choose to settle your loan early.
If you're happy to proceed and you're certain that paying the loan back will not cause you hardship, your lender will then show you their terms and conditions. Please read and understand them before agreeing to accept the loan.
Because many customers apply to borrow 500 and they need to have access to the cash quickly, many lenders could be able to transfer funds into your bank account within minutes.
during the term of the loan. Your payment is collected on the same day every month by direct debit or continuous payment authority. So that you're sure that there'll be enough money in your bank account to make a repayment, you might wish to ask your lender to collect your repayment on your payday.
Please do not apply for a 500 loan if you are not sure that you are not certain that you can make the monthly repayments. If you are in debt and you're concerned about your ability to manage your current level of borrowing, you may benefit from contacting one of the following six debt help organisations - StepChange, PayPlan, National Debtline, the Debt Advice Foundation, the Money Advice Service, and Citizens Advice. Their services are free of charge.
Whatever unexpected situation you need help to cover, you can make a quick, online, and secure application to borrow 500 with Little Loans. Just fill in the form at the top of this page.
Little Loans' service is free of charge and you are under no obligation to accept any offer of a loan by a partner lender.
Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. We’re a fully regulated and authorised credit broker and not a lender