Question by : i am currently unemployed and have no savings do you know any uk loan companies that will give me a small loan? Im skint and want some cash im also unemployed ive heard there are loan companiesin the uk where id be able to borrow 500-1000pounds is this true ? ps anybody know any loan companies that dont require proof of earnings and will loan money to ppl with bad credit ? Best answer for i am currently unemployed and have no savings do you know any uk loan companies that will give me a small loan?:
Answer by Judy
Here is how these online companies work. They promise you money. They ask for a processing or application fee upfront. They turn you down due to bad credit or no job. They keep your fee. They probably never checked your credit or verified your employment. Since they never had any money to lend in the first place. They just want your fee and make money. They will hold on to your information for years. Or perhaps sell it to others. Someday, you could find yourself the victim of Id theft and wonder how. /
Answer by JIM
No legitimate lender loans money to unemployed people. You could try Provident but their interest rate is sky high - borrow £300, pay it back to a doorstep collector £10.50 per week for a year (52 weeks) and the total paid back is around £528
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