There are many different types of loans to choose from but when you consider that there are many different people in the world, this is a good thing. The loan that is ideal for you may not be best for someone else so you need to think about what you are looking for from a loan. There are many different lenders to choose from in the United Kingdom and UK Credit is just one of the many companies you can choose from.

This firm is slightly different in that they provide loans for homeowners and tenants, albeit the loans are slightly different. Homeowners can obtain a loan from £1,000 to £10,000, and the payment time for these loans runs between 12 months and 60 months. If you are a tenant, you have a slightly limited option and you can only take out a loan between £1,000 and £6,000. Again though, the payment schedule runs between 12 months and 60 months so there is flexibility on offer when it comes to paying back the loan. The representative APR provided by UK Credit stands at 38.9% and the company is based in Norwich in Norfolk.

As you can imagine, the company is proud of the fact that they are a direct lender as opposed to a broker. This means that you only ever deal with them. The company also likes to point out the fact that they offer loans to people with poor credit, who have suffered CCJs or who have defaulted so just because your credit has been poor in the past doesn’t mean that you cannot find the loan that is ideal for your needs.

What can I use a UK Credit loan for?

If you are looking for a UK Credit loan, it makes sense to know what you need it for. You should only ever take out a loan when it is required, because if you take out a loan you don’t need, you place yourself at risk of harming your finances. The most common reasons people have for taking out a UK Credit loan include:

• Paying for a wedding
• Debt consolidation
• Vehicle repairs
• Buying a car
• Improving your home
• Undergoing cosmetic surgery

These are all strong reasons why you would consider a UK Credit loan but you need to be certain that you are making the right decision. If you are looking for the best loan, be sure to check out all of the options available in the UK.