When it comes to short term loans, UK borrowers have few options. What is available usually comes with exhorbitant fees, crippling repayments and an inadequate loan amount.
This is a grossly unfair penalty that hurts vulnerable people; a low credit score is not always due to irresponsible money management. Students, pensioners, disabled people, single parents and self-employed people can all struggle with “credit-worthyness” and need short or long term loans that reflect their circumstances without judging them.
iCashLoans are a new lender who have identified a gap in the market for fair lending for UK customers in tight circumstances. Their range of short-term loans are designed to help people in the UK who do not qualify for loans easily with their bank or other standard lender. iCashLoans recognize that many UK borrowers need fair “payday” or emergency lending that doesn’t take advantage of their lack of options. No one should have to pay more in fees and interest simply because of a credit number that doesn’t accurately portray their background, and the fact is that bad credit is rarely due to bad budgeting.
With an iCash Loan you can borrow what you need today, from £250 to a generous £5000, with terms that YOU select yourself to fit into your budget. You can apply online within minutes and see what you qualify for without any obligation to go ahead unless you are completely happy with the loan and terms. Your credit record does not disqualify you from a fair and accessible loan, and because you choose your repayments you can keep it affordable. No more spiraling debt!
iCashLoans have helped thousands of UK borrowers to cover out-of-budget emergencies:
Carol W from Middlesborough needed £3,500 to replace her water heater when it broke during a cold snap. Money is tight for her and her two young children, and as a freelance photographer her income is unpredictable. This means other lenders class her as a high-risk borrower and she is limited to loans of £1,500 or less with very expensive interest rates. With iCash Carol qualified to borrow the full amount of £3,500 to buy and install a new, reliable water heater, at an interest rate comparable with the low rates “good credit” borrows get from a bank personal loan. Carol chose repayments that fit easily into her monthly budget, and had no problem satisfying the loan.
“Best of all,” she told us, “my credit score had gone up almost 100 points after I repaid iCash!”
As a returning customer, Carol qualifies for higher loan amounts and lower interest rates, should she need an iCash loan in the future.
David P from Reading receives DLA for injuries sustained during his job as a sheet metal worker and he has been unable to return to work since. His wife works as a mental health nurse but money is tight for their family and a few of their bills are in arrears. This wasn’t a problem for iCash when David requested £2000 to cover family expenses such as winter clothing, and insulating their home.
“Being unable to work has hit me hardest mentally. I used to provide for my family and it’s a blow to my self-esteem that I can’t. Worst of all is the shame I feel when I can’t get a bank loan. I pride myself on being responsible and I feel I am always explaining my disability to people. iCash treated me with respect and sensitivity. I repaid the money from my DLA and felt good when my kids picked out their new coats and boots. My wife’s face lit up when I told her to choose a new handbag to match!” -David
Josh H, York
“I’m a student and we all know the jokes about poor students! I needed money to pay a deposit on a new flat after my last roommates messed me around. I looked around for £900 at a few places, Wonga, Provvy etc and I was gonna have to pay back 3 times that! I haven’t had time to build a decent credit history because I’m 19, and of course I have a black mark already thanks to the idiots I used to share a flat with. It’s unfair but try explaining it to a lender!”
Josh applied online with iCash and was surprised to see he could choose from several loans, that offered £900 or more, and that he could choose repayments that wouldn’t leave him stuck eating pot noodles for months. He chose a loan of £1,500 so that he could get some living essentials for his new flat. Repaying this loan healed the damage to his fledgling credit record that his previous roommates had done. “Thanks iCash! The guys I’m sharing with now are a good bunch and have the same attitude as I do to money and studying. It’s good to have that support and it’s great to know iCash are a lender you can trust not to take advantage of you.”
So there you have it. These people and thousands more have built a better future with a fair and affordable loan from iCash. Previously, they have had to turn to expensive and inadequate doorstep lenders or payday sharks, and had to deal with the shame and stigma of not being able to use a “real” lender. When it comes to short term loans, UK customers can trust iCash to give them a hand up, not a hand out.