Personal Loans Company
With lenders there are different strokes for different folks
These days there's no such thing as a typical personal loans company: you can get money from all kinds of places, from high street banks to side street specialists. The type of company you will deal with depends on the type of loan you're looking for.
There's no such thing as a typical personal loans company: you can get money from all kinds of places. Of course, you can still borrow from a High Street bank but there are plenty of other options too. Internet-only operators – many of which are backed by big-name banks and building societies – offer rock-bottom rates; specialist lenders can help with unusual loans or credit problems; motoring organisations such as the AA and RAC offer their own loans, and a wide range of retailers offer their own finance packages.
What type of personal loans company should you choose? The answer depends on your circumstances and requirements. If you've got a dodgy credit history you might find that the big names – in the High Street and on the Net – aren't interested, so you might need to speak to a specialist; if you want the lowest possible rates, the online-only operators are usually the best bet. No matter which type of personal loans company you choose, make sure you shop around: rates vary dramatically between lenders, and even a difference of 1% or 2% in the APR can make a big difference to the total repayments of your loan.
loans.org.uk helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.
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