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Tuesday, 5 August 2014
Best Short Term Loans UK: Review 7 of 16: CashHub.co.uk Payday Loans Broker
This is the 7th Instalment to the 16 Part Mini Series to find the best short term loan companies in the United Kingdom. These short sweet reviews were inspired after I received a high volume of emails enquiring about the best short term loan companies and reputable payday loan companies in the UK. In this post I will review Cashhub.co.uk which is a payday loan broker company dedicated to finding the best possible deals for borrowers who want to bridge the gap between pay days.
Some Important Notes: Before I continue I just want to mention a few important points. Missing a payday loan payment can have serious impact on your credit file and credit score. Your loan might be extended automatically if you miss a payment and you may incur additional charges and interest fees. If you fall behind or refuse to pay off the loan then collection agencies may be used to recover the money. So now, without further ado here is the 7th review on the best short term loan company in the UK.
Cashhub.co.uk is a payday loan broker company which has a number of short term loan companies on their panel. Cashhub.co.uk takes your application and then searches all the best pay day loan companies to find you the best deal. Cashhub.co.uk is almost like a payday loan comparison site used to get a short term loan.
Using Cashhub.co.uk you can borrow anything between £50 and £500 where the money could be in your bank account within an hour.
It does not cost any extra to borrow money via Cashhub.co.uk as the broker charges the payday loan company commissions or fees for bringing them business. The benefit of using Cashhub.co.uk is that you only need to fill out one application and Cashhub.co.uk does all the hard work finding the best deals.
To apply for a short term loan in the UK you need to be 18 years old and resident in the United Kingdom at the time of your application. You must also be in full time, part time employment. Self employed people are also welcome to submit an application. You must also have a valid UK bank account with a debit card. Cashhub.co.uk also welcomes borrowers who have a poor credit history.
Cashhub.co.uk also have a fast application process which is safe and secure as well as confidential. None of your information is shared with any third parties other than the reputable payday loan companies on Cash Hubs panel.
The typical APR representative offered by Cash Hub is 1,734% however this might vary depending on the pay day loan company which is chosen. You can borrow anything between £50 and £500 with a maximum term of 30 days.
It is worth reminding that CashHub.co.uk is a pay day loan broker which searches their panel of reputable pay day loan companies to find you a short term loan in the United Kingdom.
The APR representative is 1,734% and it worked out as follows. When borrowers borrow £200 over 28 days at a rate of 326% PA Fixed they will need to repay a total of £250.
CashHub.co.uk is a reputable pay day loans broker company which specialises in finding the best deal for their customers. CashHub.co.uk is paid through commission via the short term loan company. Suppose Cash Hub has Wonga, QuickQuid and Sunny on their panel then will apply to all 3 on your behalf and find the best rate for you. Cash Hub will then send an invoice to the competitive lender charging them for bringing them the business.
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