1 Month Loan Review Plus A Brief Look At This Company's Cash Advance Loans

Nov 11, 2010

There are many financial companies which currently offer cash advance loan products in Great Britain. However one particular company that's been doing this since 2004 is 1 Month Loan you will discover more about this company in this 1 Month Loan review. As opposed to various other lenders, there is a very easy applying method.

As usual, you can make an application for a financial loan on the internet utilizing their risk-free application. Immediately after making an application you will find that they're going to next carry out several assessments to verify your identity. Next after that has been done they will ask you to agree to an internet agreement, yet you have to be mindful that this needs to be completed before the loan is really approved.

If you're unwilling to agree to this then the possibility of the finance being rejected will be greatly increased. But if you are ready to sign the online arrangement they'll consequently perform a number of ending security inspections. Again that is to ensure that the one who has sent applications for the credit really is you and not somebody who has stolen personal information about you.

The other reason you have to sign up online in advance is that if and when you are approved for a loan then it can be transferred to your account immediately. If they changed the procedure so that you only e-sign the loan agreement once you are approved then there is a risk that it would be too late to execute a same day transfer because of the time lost in you waiting for an approval email.

When you get through every one of these assessments then they may confirm that the loan you've asked for has become transmitted to your bank balance. You've got a couple of options regarding the way the cash is put in your bank. If you can wait around around 3 trading days for your resources you need then they are going to execute a BACS bank transfer and you will not end up being billed for this.

Nevertheless, if you want your money on the same day as the application form is approved then this company are going to get it done by means of CHAPS however for this particular service you are going to be charged a payment. If you use this particular service remember that the fee charged is greater than with some other payday loan businesses. Using 1 Month Loan you are expected to pay the charge of 25 pounds to make use of this ability.

Additionally you have to be aware that this provider controls the quantity you could borrow the first time you get cash from them. The amount is limited to 200 pounds which is actually quite little compared to most other lenders. Needless to say, when you prove that you can pay off your initial payday loan, you are allowed to gain access to much more next time round.

This 1 Month Loan review has only briefly looked at what this lender has to offer and how they process loans. We do recommend them if you need a pay day advance for up to 30 days and can wait for a 3 day BACS funds transfer as they are one of the cheaper lenders in this category as seen in the WhichPaydayLender.co.uk comparison table.

About the Author

Perplexed With Myriad Companies That Are Providing Finance Nowadays? Then You Need To Read Our 1 Month Loan Company Review. On Our Site We Review The Variables Which Matter Most When You Pick A Lender. You Will Be Well-Informed - This Is Why We Recommend Our 1 Month Loan Review.