www.4monthloan.co.uk

What is a payday loan?

A payday loan or cash advance is a small, unsecured, short-term cash loan typically backed by a future source of income, often times your next paycheck or other anticipated benefit. These loans should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems. Be sure you understand the risks of short-term cash loans and please borrow responsibly. If you are facing long-term financial difficulty, please consider credit counseling, education or other debt-management assistance such as nonprofit financial counseling services in your community.

How does 4monthloan.co.uk loan matching service work?

4monthloan.co.uk is not a lender and does not make credit decisions. It simply connects interested consumers with independent, third party lenders based on the information provided. Begin by completing our simple form. Once submitted, 4monthloan.co.uk will try to connect you with an interested third party lender. Every third party lender has their own terms and conditions for payday loans (i.e., fees, repayment terms, renewal policies, APRs, etc.), and each makes approval decisions separately. If matched with an third party lender, be sure to fully understand the lender’s terms and conditions before agreeing to them. If you do not understand or agree to the lender’s terms and conditions, you may refuse the loan offer. If you have any questions or concerns about your payday loan, you should contact your lender directly.

Does 4monthloan.co.uk charge a fee to connect consumers with independent third party lenders?

Registering to be connected with third party lenders at 4monthloan.co.uk is free! We have a material financial connection to the network of participating lenders and we receive payment for each potential customer referral. 4monthloan.co.uk is not a lender or a broker, there are no fees or interest directly associated with registration. 4monthloan.co.uk is a loan matching service that facilitates your request for access to participating third party lenders who may be able to meet your needs. We do not make cash advances or credit decisions. If you are approved by a lender, the rates and fees associated with your loan will vary from lender to lender.

What amount can be borrowed with a payday loan?

Typically, the amount that can be borrowed with a payday loan ranges between $100 and $1,000. Please note, however, not all lenders offer up to $1,000 and the amount offered by an interested lender may differ from the amount sought. How much you qualify for depends on numerous factors including your lender, income and employment. The fees and APR interest rates you will be charged for the loan are provided to you in a written document by the participating lender after acceptance of your application and before you are requested to digitally sign a loan agreement. You should review carefully before you are asked to sign. If a participating lender does not ultimately extend an application and loan to you, you will incur no cost whatsoever. Always print your loan documents and other paperwork for your records.

If approved for a payday loan by an independent third party lender, how quickly could I receive it?

An independent third party lender could transfer an approved payday loan to your bank account as early as the next business day. Please note, however, cash transfer times may vary depending on the lender and your individual financial institution.

What are the minimum requirements to apply for a payday loan?

4monthloan.co.uk is not a lender and does not make credit decisions. Independent lenders have their own minimum requirements which must be met to be approved for a payday loan, and one independent lender's may differ from another’s. Such minimum requirements typically include, but may not be limited to:

  • 18 years of age or older
  • U.S. Citizenship Valid checking or savings account with direct deposit
  • Regular income of at least $1,000 per month
  • Not a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard (or a dependent thereof), serving on active duty under a call or order that does not specify a period of 30 days or fewer

What information is needed to use the services offered by 4monthloan.co.uk ?

You must provide certain personal, employment and banking information to be matched with prospective independent third party lenders. Such information includes, without limitation, name, address, telephone number, email address, social security number, driver's license number, bank account information, and employment information. The information you provide must be accurate. Once submitted, independent lenders may perform a credit check or otherwise verify your social security number or other information.

Is the information I provide secure?

4monthloan.co.uk respects your privacy. Accordingly, a variety of security measures are employed to maintain the integrity of your private information. All sensitive data transmitted between your browser and 4monthloan.co.uk uses 128 bit Secure Socket Layer (SSL) encryption technology. Your use of our services is strictly voluntary and is governed by our Terms & Conditions of Use and Privacy Policy.

How long does a cash advance take?

An independent third party lender could transfer an approved payday loan to your bank account as early as the next business day. Please note, however, cash transfer times may vary depending on the lender and your individual financial institution.

When must I repay my payday loan?

4monthloan.co.uk is not a lender. Each independent third party lender has their own terms and conditions for payday loans, including those concerning repayment. Only your lender can provide you with information about the date and time for repayment as specified in your loan agreement. You should contact your lender directly with any questions, comments or concerns.

Will independent third party lenders perform a credit check and what are the credit implications?

Our participating third party lenders may verify, without limitation, your social security number and driver's license number, or any other qualifying identification and review your information against national databases to determine credit worthiness, standing and/or capacity. Please note that multiple inquiries on the three national databases (Equifax, Transunion and Experian) may result in a lowered credit score. By submitting your information you agree to allow third party providers to verify your information and check your credit as described in their policies and terms.

What should I ask my lender about renewal?

Participating lenders may have their own individual renewal policies, some of which may be automatic. Be sure to inquire whether your lender automatically renews loans or requires your permission to renew the loan. Understand that extending the repayment period for a loan may result in additional interest and fees that can significantly increase that total amount you are obligated to repay. Know your state's loan renewal policies and review the lender's terms before agreeing.

What are the implications of late payments and non-payment?

Each lender has its own criteria, including, without limitation, additional fees, interest and collection costs. Be sure to inquire with your lender regarding late payments and/or non-payments, and otherwise read all of the loan terms, before you sign a loan agreement.

Is approval guaranteed?

There is no guarantee that you will be accepted by one of our participating lenders.

What if I am unable to repay my payday loan according to its terms?

If you cannot repay your payday loan according to its terms, your lender may:

  • Charge you late fees
  • Send your account to a collection agency
  • Report your information to a consumer reporting agency (which may negatively affect your credit score)
  • Offer to renew, extend or refinance your loan (which may cause you to incur additional fees, charges and interest)

4monthloan.co.uk is not a lender. Only your lender can provide you with information about your specific loan terms and the implications of non-payment of your loan. Ask your lender about its policies for non-payment.

The operator of this website is not a bank or lender. All information you provide is used in securing you a payday loan from one of the many banks/lenders we represent. The personal, financial, and employment information that we collect is stored electronically for the duration of the application, is immediately removed from our system upon acceptance of your application, and is electronically transferred to the lender upon approval. If your application is accepted, you may choose to accept or decline the loan. You are under no obligation to accept the loan. Should you choose to accept the loan, after reading the Lenders Terms and Conditions thoroughly, you will most likely need to sign the agreement electronically. We are not responsible for the terms between you and the lender. We make no guarantees that your completed application will be approved with lenders.

Customers who have serious financial situations should contact a financial advisor before applying. The majority of payday loan lenders do not require a credit history check; still it is possible some will check with one of the three major credit bureaus: TransUnion, Equifax, or Experian. There is no charge to you for this service. You will occasionally receive offers from us or a designee that relates to financial services such as credit card offers, payday loan offers, etc. You have the right to stop these offers by unsubscribing. Use of this site constitutes agreement with these policies.

Please be advised that the owner of the site may revise these policies or others, so it's always important to read all information thoroughly. The owners of this site and our lenders comply with all state and federal regulations for short-term loans. This offer is not valid in the following states: AR, AZ, DC, NC, GA, CT, ME, MD, MA, NJ, NY, PA, VT, WV, KY, MS, RI, WA, NH, NM, OH