The money you need, when you want it, from lenders you can trust: this is the philosophy of Cashub.co.uk that has made it one of the fastest growing payday loan brokers in the UK. You can increase your chances of acceptance and get a fast financial boost to help deal with those unexpected emergencies now.
What is Cashub.co.uk?
Cashub.co.uk is a payday loan broker with access to a panel of lenders. This means that by filling out its straightforward and secure application form, your details are passed to multiple lenders at once to increase your chances of acceptance. Fast loans are available from £80-£500 and the money could be in your bank account in less than one hour*.
The process will take just minutes and is completely secure thanks to SSL encryption technology; while all your data is protected by the Data Protection Act 1998.
How do payday loans work?
The cash advances available through Cashub.co.uk are simple to use: you could be approved in minutes and will have a clear repayment schedule – you will usually be expected to repay the loan in full in 28-30 days. he representative APR of the lenders on our panel means that you will be typically repay £125 for every £100 borrowed **. They are designed to be used for emergency expenses and not to deal with ongoing debt issues.
How do you repay a payday advance?
Do not take out a same day loan unless you are confident about your ability to repay it on time within the initial loan period (find out more about ‘responsible lending’). Your details will be submitted when the application is made and payments are usually taken on an agreed date. As such it is vital to have enough money to repay the payday loan, within interest, at this date.
What are the implications of non-payment?
It is always most advisable to pay on time, and the example calculations that we provide assume that you will indeed pay on time. If you are unable to do so, each lender has its own policies regarding fees and interest, and the way in which they collect outstanding debts. Some claimants who repeatedly fail to pay on time find themselves being pursued by the lenders with legal means. Most lenders choose to contact their claimants by phone or letter in order to make new arrangements for payment. Lenders will debit your account in order to collect the loan repayment at the end of the term, however, in case you do not have enough funds in your bank account, your Bank could charge you a Non-Sufficient Fund (NSF). Please contact the Lender in the event you will not be able to pay back your loan on time.
Potential impact to users' credit score
Our website does not perform credit checks. However, our lenders may perform credit checks. If you will not be able to pay back your lender on time, the best thing to do would be to contact the lender and check their policies with regards to fees and interest, and how they collect outstanding debts.Non-payment can result in charges and/or raised interest and is liable to affect your credit score.
You need to contact your lender in advance if you wish to renew your loan. Otherwise, most lenders continue to charge the same fees and rate of interest for another month on the entire amount owed. In cases of non-payment, a loan renewal/extension can be made automatically and more interest and/or charges can be added to your account.
It may be possible for you to roll over your loan. This means: 1) to pay off the interest earned to date, and 2) to continue to gain interest on the original amount of the loan for an extended period of time. This interest is likely to be charged at the same rate that the original loan was charged at. Some lenders may not agree to a renewal and instead insist on a rollover.
What to do if you have debt problems
Remember that payday advances are NOT a debt solution. They are designed for emergency expenses only: if you have financial problems then you should look for free, impartial advice from Citizens Advice Bureau, National Debtline or contact the Financial Ombudsman.
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