Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

UK Finances and Health Concerns

UK Finances and Health Concerns

Across the United Kingdom, panic appears to be set in in light of the recent Coronavirus outbreak. But what impact will this have on finances, and do we need to be worried about the potential of significant shortfalls within the UK financial sector?

Current experts on the coronavirus are significantly concerned about the spread of the disease; counterbalancing this, many commentators believe there has been some hype in terms of the overall impact of this modern-day pandemic. When we link the concerns of the medical experts to any potential impact on finances within the United Kingdom and, indeed, across the wider world, there could potentially be some hard-hitting financial setbacks on the horizon. There has recently been a massive fall in some of the foreign financial markets, which analysts have confirmed could have had a direct correlation to the coronavirus outbreak; however, here are United Kingdom loans; we would argue that there are other factors that have impacted upon the crash of the market, which we believe, sit outside of any imminent medical crisis.

Planning for a Financial Shortfall

So how is the best way to prepare for what we don’t know is around the corner? When thinking about money and its impact on the average United Kingdom resident’s wallet, there appears to be little downward trajectory within the United Kingdom financial sector. This is a piece of positive news when considering the stability of the financial markets in the United Kingdom. There still appears to be a booming market in the quick loan, and short-term loan unsecured lending arena, and many of the major players are propagating the key slots within this sector.  When considering how one should prepare for any imminent health crisis, the advice from United Kingdom Loans would be to continue as normal. Although there has been panic buying of alcohol hand wash and toilet tissue, this has again been sensationalised by the media to scare the nation silly. But when considering personal finances, there appear to have been few negative ramifications linked to the health crisis, which is on our news screens daily. This is positive and ultimately means that the financial sector within the United Kingdom continues to be stable.

Potential Financial Crisis

When considering the long-term impact of the current crisis, there could potentially be long-term financial strains and changes to the United Kingdom’s economy. We believe that now is not the time to make poor choices and risky investments, given the fluctuating political climate, ongoing national health concerns relating to the Coronavirus and the fall of foreign stock markets worldwide. It is fair to say that 2020 is an interesting year in the financial sector. Here at United Kingdom Loans, we will continue to monitor the United Kingdom’s ongoing financial situation carefully and, as ever, report our findings.

Representative Example: Amount of credit: £1000 for 12 months at £116.52 per month. Total amount repayable of £1392.63 Interest: £392.63. Interest rate: 79.5% pa (variable). 79.5% APR (variable). Representative Rates from 9.0% APR to 1721% APR – we provide a no obligation quote; your APR will be based on your personal circumstances. Loans between £100 and £5000 over a 3 month to 36-month term.

 
United Kingdom Loans is not a lender, we provide access to a loan matching service. This site will submit the information you
provide to Nouveau Finance’s panel of lenders

Representative Example: Amount of credit: £1000 for 12 months at £116.52 per month. Total amount repayable of £1392.63 Interest: £392.63. Interest rate: 79.5% pa (variable). 79.5% APR (variable). Representative Rates from 9.0% APR to 1721% APR – we provide a no obligation quote; your APR will be based on your personal circumstances. Loans between £100 and £5000 over a 3 month to 36-month term.

United Kingdom Loans is not a lender, we provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel of lenders

United Kingdom Loans is a registered trading name of Rhumsaa Finance Limited, which is an Introducer Appointed Representative of
Nouveau Finance Limited, registered with the Financial Conduct Authority  under FRN 843158. Nouveau Finance are authorised and regulated by the Financial Conduct Authority
under reference number 727348. Nouveau Finance Limited are a credit broker, not a lender.

United Kingdom Loans will not charge you a fee for the introduction to a potential lender however may receive a commission
or fee from Nouveau Finance Limited following an introduction through this website.

We provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel
of lenders. We  do not retain applicant data.  All applicants will be subject to credit checks and affordability assessments.
United Kingdom Loans and Nouveau finance will not perform a credit check, lenders to whom you may be referred to will complete a soft search when
assessing your eligibility for a loan. If you accept a lender’s offer, they may subsequently perform a hard credit search to register the loan to your credit file.

Please note that United Kingdom Loans are unable to influence any lending decisions or deal with any dispute that you may have directly with any particular lender with whom you may have entered into an agreement with and in the unlikely event that this may occur you should contact the lender directly in respect of any concerns.

United Kingdom Loans is registered in England and Wales Company number 11508489  with a registered office located at
128 City Road, London EC1V 2NX Company. 

If you are struggling with debt then you may want to contact Step Change National Debt Line or Citizens Advice for help and support:
Step Change , National Debt Line and Citizens Advice

United Kingdom Loans is a registered trading name of Rhumsaa Finance Limited, which is an Introducer Appointed Representative of Nouveau Finance Limited, registered with the Financial Conduct Authority under FRN 843158. Nouveau Finance are authorised and regulated by the Financial Conduct Authority under reference number 727348. Nouveau Finance Limited are a credit broker, not a lender.

United Kingdom Loans will not charge you a fee for the introduction to a potential lender however may receive a commission or fee from Nouveau Finance Limited following an introduction through this website.

We provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel of lenders.  We do not retain applicant data.  All applicants will be subject to credit checks and affordability assessments. United Kingdom Loans and Nouveau finance will not perform a credit check, lenders to whom you may be referred to will complete a soft search when assessing your eligibility for a loan. If you accept a lender’s offer, they may subsequently perform a hard credit search to register the loan to your credit file.

United Kingdom Loans is registered in England and Wales Company number 11508489  with a registered office located at 128 City Road, London EC1V 2NX Company. 

If you are struggling with debt then you may want to contact Step Change National Debt Line or Citizens Advice for help and support:
Step Change , National Debt Line and Citizens Advice

Footnotes

United Kingdom Loans does not make credit decisions and is not a lender. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only.

Footnotes

United Kingdom Loans does not make credit decisions and is not a lender. This website does not directly endorse a particular product or service. Information on our website

Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk