The Cash generator loans are small money you borrow to fund your small expenses that may be unforeseen as well as planned. Since you are to borrow a small amount of money, you do not need to put collateral or arrange a guarantor even if your credit report is not up to scratch. All you need to apply for these unsecured loans is filling in the application form online.
You may treat such loans as pawnshop loans or payday loans, but they are different from them. When you borrow money from a pawnbroker, you do not go through a lengthy application process and a credit check. You get money based on the value of the collateral you hand to the pawnshop. Likewise, payday loans also do not require a credit check. You get the money as instantly as you put in the loan application to pay off your next payday.
Although a cash generator cash loan also fund your small needs, they require a credit check. Direct lender will check your affordability before signing off on loan. We strictly follow FCA guidelines, and hence we cannot allow you to borrow money without letting us looking over your credit file. We will evaluate your income to decide if you can afford to pay back the money you are borrowing.
Unlike a payday loan, and cash generator loan can also allow you to borrow a small amount of money provided you can afford to repay them. However, many purposes are necessary for you can apply for such types of loans.
When applying for cash generator loans, you will have to decide the amount of money you want to borrow. No matter for which purpose you are applying for these loans, it is advisable that you are filling the gap. For instance, if you need £3,000 for adding on a room in your house, it is not a wise move to borrow the whole of the money. You must have some savings to dip into.
Once you submit the application form online, we will run a credit check and evaluate your income statement to determine whether you can afford to pay back the money. If we suspect that you are borrowing beyond your affordability, we will turn down your application. If everything goes fine, we will offer you that you are obliged to accept within 24 hours.
Once you give acceptance to the offer, we will transfer money to your bank account within 15 minutes. Note that cash generator loans follow a Continuous Payment Authority. It means you permit the lender to debit money from your account on agreed repayment dates, thereby called cash generator debit card loans. Since we abide by FCA guidelines, you will unlikely be charged more than the debt payment. However, you still have the right to cancel this agreement.
Although we pursue your income statement and credit record, you must take stock of your needs. If you borrow more than your affordability, you will end up with a debt spiral.
Cash generator loans are generally unsecured loans, but you will have to put down collateral if you are looking to borrow a large amount of money. Unlike other online lenders, we offer secured cash generator loans. Note that we accept only your car as security, which is why these loans are also known as cash generator logbook loans.
You will get the money based on the value of your car. However, it should be in your name. The value of your car will naturally be worth more than the money you could borrow. This is because the lender can recoup if you fail to make payments. To qualify for these loans, you need to meet the following conditions:
You can get cash generator logbook loans at competitive interest rates from Easycheaploan. We also accept older cars and second-hand cars provided you have the title of the car. By signing the bill of sale, you authorise us as your car owner until you pay back the debt in full. However, you can use that. Note that we will repossess your car if you fail to pay off the debt.
It is a big challenge for unemployed people. When they are borrowing money becuase, they must have to prove their income source for repayment affordability. You will have to pay it back to the lenders, which is not feasible without an income source. Even though you need a small amount of money, you cannot apply for cash personal loans without a guarantor when you are out of work.
However, in this financial crisis, you should apply for an unemployed loan. This loan is aimed at borrowers without a job. However, it does not mean that you can escape paying off your debt. You will need another income source like a part-time job, freelancing or fixed income source to prove your repaying capacity. You will get the money based on your affordability.
Note that people without a full-time job do not include self employed people because their business is considered the primary income source. If you are self-employed, you can easily qualify for cash short term instalment loans. However, your business must have been six-months-old at the time of applying for these loans.
If you are looking for a cash generator loan with an easy and fair process, Easycheaploan can be an ideal direct lender to choose because of the following reasons:
When are you about to apply for a cash generator loan from direct lenders? Whether you need money for planned expenses or unforeseen expenses, get these loans from us without hassle.