Short term loans from Cash Lion
You have found Cash Lion because you need a small loan over a short period of time. It really is that simple isn't it?
We offer a full UK service (we are a UK registered company) where we have access to a large panel of payday loan lenders that offer loans over a few days to a few weeks - the majority of which wil require you to pay your loan back when you next get paid. You can apply for any amount from £100 through to £1000.
Cash Lion is not a lender - we have direct relationships with some very common lenders that you will have heard and also with many lenders that you would struggle to find without coming to a website like ours. All loan lenders will require you be aged 18 years or older and to have some form of employed, or self employed, income.
When you make an application with us it should take you only a few minutes to complete our form. You will then receive a message on screen saying that we are searching our lending panel. This is when you need to be patient and wait for the screen to change to either direct you to a lender that has approved you or to tell you that unfortunately you have not been successful. It is also important to check your e-mails as well - a lender may e-mail you to tell you that you have been accepted.
It is important to know that we do not charge you a fee - we do not call you. Each lender or broker we work with varies but everything will be clear on the terms and conditions of that lender or broker. They may need to call you and it is extremely likely that you will be credit searched as part of your application - our terms and conditions do notify you that a credit search is likely to be needed.
You are probably aware that payday loans have been in the newspapers and seen on TV a large amount recently. Rest assured that Cash Lion was registered with the Office of Fair Trading (OFT) and since the Financial Conduct Authority (FCA) have taken over the regulation of the industry we are also listed on their register. The protection of your information is key and we also registered with the Information Commissioners Office (ICO) for data protection.
Loan Renewal Policy
Renew your loan by contacting the lender directly – you should do this in advance of when payment is due. The majority of lenders will charge the same levels of interest and fees as charged in your original loan – but you will need to check with the lender direct. Renewal may be dependent upon a number of factors including affordability checks. Non-payment can result in damaging your credit rating – contact your lender as soon as you are aware you may have difficulty in paying to reduce the chance of this happening.
Loan Collection Practice
Lenders will attempt to take payment using the bank details you provided on application – contact the lender directly if you feel you may not be able to meet the payment date in full. Non-payment may result in the lender passing your details to 3rd parties for the collection of debt.
Non Payment Implications
It is recommended that you pay on time – and inform the lender direct if you will be unable to do so. If you do not make a payment each lender will have its own penalty charges and interest charges that they may apply. Non-payment could result in debt agencies being contacted and your credit rating could be affected which may damage your ability to borrow in the future.