How to Increase Your Chances of Being Accepted for a Loan or Cash AdvanceWhen applying for a loan or cash advance there are certain things you can do to maximise your chance of acceptance. Here is a checklist of things you can do to increase your chances of getting the loan you need. 1. Apply for a small amount over a short period. This is particularly useful if you have bad credit, or if you are applying for a payday loan. Lenders are far more likely to risk lending a relatively small sum particularly if it is only for a short period or so. Once you have repaid your initial loan, you can ask for a larger sum with a much higher chance of acceptance. 2. Always be honest on the application form. It always pays to answer all questions as honestly as possible even if it means revealing information which could possibly hurt your chances of being accepted. In fact, lenders appreciate honesty and transparency and are likely to look more favourably at your application. 3. If you have very bad credit then apply to a loan company that specialise in lending to adverse credit. Alternatively, apply to a loan company who do not credit check. If you require a short term or payday loan you can find payday loan companies who dont credit check here. 4. Apply for a guarantor loan. Because you offer a guarantee that the loan will be repaid if you are unable to meet the repayments, it may be possible to borrow up to £5000 with no credit checks. 5. Ensure you apply for the right type of loan. If you are employed and only need the money for a month or so then a payday loan is a good choice. If you are not employed and want to repay your loan in weekly cash installments then a doorstep loan is ideal. An emergency loan is available to everyone employed and unemployed, and is OK for bad credit. 6. Dont apply for lots of loans at the same time. If a lender notices you have applied to lots of loan companies it may start the "fraud" alarm bells ringing. Unfortunately this is a well known scam in the finance industry, apply for lots of loans and then do a runner. Apply for one loan at a time and wait until you receive a decision before applying for another one. Applying for lots of loans can also damage your credit record. 7. Use this site! Our lenders have the best track record for being able to help people in all circumstances. If you need help email us at support @ makepaydaytoday.co.uk and we will help you to find the lender you need. |
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