Tuesday 5 August 2014

Best Short Term Loans UK: Review 6 of 16: PoundstoPocket.co.uk Payday Loans

This post if the 6th installment to the 16 Part Mini Series where I review 16 of the best short term loan companies in the UK. This review will be on PoundstoPocket.co.uk. One of the most frequent questions asked by the readers of Millionaires Giving Money is what is the best short term loan company in the United Kingdom? After responding to a handful of these messages I was inspired to review 16 of the most reputable payday loan companies in the UK.

Some Important Notes: Before you consider taking out a short term loan in the UK you must be aware of the repercussions of missing payments. When you miss a payday loan payment the loan is sometimes extended for another period, this means you will have to pay additional charges and interest again to pay off the loan. Also if you miss payments this will be reflected in your credit history and your credit score will slowly but surely fall. Finally repeatedly missing payments or refusing to pay off the loan will result in collectors becoming involved to repossess the money. So without further ADO here is the review on PoundstoPocket.co.uk.

Review 6: Best Short Term Loans UK: PoundstoPocket.co.uk

PoundstoPocket.co.uk is a reputable short term loan company in the UK, they pride themselves on keeping processes straightforward so customers find it easy to take out a short term loan when they need to. Poundstopocket.co.uk offer a personal loan building service where you repay the borrowed money anywhere between 6 and 12 months.

Poundstopocket.co.uk offered their first loans in 2010 and since then have reached the final stages of the Alternative Lender of the Year in 2012/13. PoundstoPocket.co.uk offers a bespoke loan builder service, a financial resources center and a mobile/tablet site to help customers borrow money on the go. Poundstopocket.co.uk believe in responsible lending and are authorised and regulated by the Financial Conduct Authority.

Poundstopocket.co.uk have thousands of satisfied customers and 9 out of 10 customers would recommend the short term loan company to friends, relatives and colleagues. In a survey 93% of customers were completely overwhelmed with the service they received which shows that PoundstoPocket.co.uk have desire to help their customers by matching them with the right products.

Example of PoundstoPocket.co.uk Short Term Loan

PoundstoPocket.co.uk short term loan has an APR representative of 278% where you can borrow anything between £200 and £2000 for a maximum term of 12 months. The APR representative which is 278% is worked out as follows. When borrowers borrow £500 over 12 months at a fixed rate of 140% they will need to repay £79.09 per month and £949.01 in total.

Best Short Term Loan UK    

PoundstoPcoket.co.uk is one of the best short term loan companies is the UK and has a lot of reviews and awards to back up their claims. They have a bespoke loan builder tool which allows borrowers to borrow for longer periods of time compared to conventional pay day loan companies such as Sunny, QuickQuid and Wonga. 

There are no hidden charges and only a 140% Fixed Rate on the loan. PoundstoPocket.co.uk is a responsible lender and only lends money to borrowers who pass the credit and affordability criteria. Poundstopocket.co.uk also has a financial resources center to help their customers manage their money effectively. 

Overall Pounds to Pocket are a very reputable pay day loan company which offer long and short term loans tailored to the customer needs. This company is definitely worth considering when you need more time to pay off your loan.

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