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Small Loans With United Kingdom Loans
June 26, 2016

So the big vote has been cast and the British public have decided to leave the European Union. But what impact does this have on British budgets and what will be the effect in the UK’s loans sector? Well, the initial hysteria about leaving the EU is still in full flight and it is therefore unclear on what the longer term impact will be. Initial fears around the price of sterling dropping have ow subsided; although the price of sterling dropped against the dollar initially, it subsequently rallied and is now stabilised.  The price of the pound against the Euro also fell initially and although currently low (as of 26.06.16), it has also marginally recovered. Some sources are however stating the cost of holidays will rise, and this will be based on medium term projections of the Euro rate vs Sterling.

People throughout the United Kingdom will still have a need for installment loans and short term, small loans regardless of the outcome of the referendum, the cost of the dollar or indeed, the price of the holiday. As long as people have a need for short term, unsecured loans there will always be a market for them. United Kingdom Loans are an established, British loans brokerage, with no sway to remain in or out of the European Union. We do however value the diversity of our clients. If you need a small loan from United Kingdom Loans, one of our essential criteria is that you are a British resident and this is regardless of your country of origin!

United Kingdom Loans does not make credit decisions and is not a lender. United Kingdom Loans introduces customers to Nouveau Finance Limited, who match customer's loan applications with lenders on their panel based on the information you provide. United Kingdom Loans may receive commissions for introductions. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only. Loans for UK based customers only. Loans are subject to status and satisfactory affordability checks. Over 18's only. Default charges may apply if you do not repay on time. Short term loans are not suitable for longer term borrowing needs.

Consumer Advisory:
United Kingdom Loans is a loan matching service. This website will submit the information you provide to a direct lender. Upon a loan approval, a direct lender may require further information from yourself which will be collected after we transfer you to their website or they may contact you via phone or email or both.

Auto Decisioning
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Non Payment Implications
The implications of non-payment of your loan could include adverse details being included in your credit report. This could adversely affect future attempts at securing credit or finance, in additional to further charges potentially being added by the lender. Where you miss a payment entirely, you will often incurr a charge / fee that will be added on to the total amount that you owe. Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new repayment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, Rhumsaa Finance strongly recommends that you contact the lender in the first instance.