Loans are great when you borrow them consciously.
We work with countless borrowers every second. Contrary to popular belief, borrowers themselves these days are concerned with how the loan process is. They are definitely careful in treating the loan as a financial product. On the other hand, many of them consider the loan as a financial tool.
If you are reading this post, chances are you do not yet know the best application for a loan product.
We can help you with that if you stick with us in this post.
Loans as Financial Tools: What One of Our Borrowers Has to Say
Samantha is 40, and she lives with her family in London.
Being an advertising professional, Samantha wondered if it would have been the right thing to do starting her own freelancing advertisement services.
By speaking closely with her, we realised entrepreneurial intentions are very prominent in Samantha.
She just doesn’t have the money to make it happen.
And that’s okay in phases of trouble. You don’t want to start anything new when you are suffering an issue. You don’t even need to think of starting something such as self-employment when you are confused about what services you can offer.
But if you are sure about what you want to do, and money stops you there, then you can look for a direct lender such as us.
Samantha had a clear vision of what she wants to achieve. This helped her focus on her goals. This factor probably led her to buy a loan product from us. She chose one of the long term loans for starting her freelancing business. It was good to see how serious she has been with the amount she borrowed.
We would discuss on this later.
Samantha believed in flexible finances strongly, although being an advertising professional. Here is what she said about taking out the loan from us:
“A loan is not appalling to me because I know I can control it by taking it out more responsibly. I am doing this for my freelancing business, where I am going to offer advertising services to businesses and people through the online platform. To do this, I need money to set up all the formalities. I took out this loan to buy a domain, make a website and market my business first. I will think about other investments later.
I am thankful to the lenders for offering me a long term loan product. For me, taking out a loan means taking small, manageable steps towards funding a project. With this loan, I can manage primary costs of my business. If I am responsible enough, it will barely stress my finances.”
These words are not words of affirmation but are the right sort of thinking a borrower needs to do these days.
We, as a direct lender, can make the loan flexible if you, as a borrower, are willing to be responsible for your borrowing.
Of course, as lenders, we are going to provide attractive loan facilities if only you are willing to take a single step of accountability.
What Is a Direct Lender Loan?
A direct lender loan is a personal or, more appropriately, an unsecured loan that needs no collateral or a guarantor.
Usually, a direct lending practice such as us prioritises on unsecured loans. However, we also offer loans of all kinds and types if the borrower shows genuine interest on taking out a loan product.
Our unsecured loans can vary from a simple short-term unsecured loan to long-term loans. Sometimes, we offer loans based on a particular situation such as bad credit loans. If you are trying to start a business like Samantha but you are suffering from a bad credit score, then you may fix your mind on borrowing business loans for bad credit. Learn more about the product in our service page.
How Does an Unsecured Loan Offer You Flexible Advantages Financially?
It is easy to say that unsecured loans offer flexibility in managing your finances. On the other hand, they can themselves be a flexible solution as a financial product.
Again, the borrower holds the key to make a loan a more functional and flexible product by using it properly.
Unsecured loans generally come in easy terms. You do not have to worry about loan formalities. An unsecured loan is truly a loan with zero hassles. Look at the points below to understand how you can make a loan as flexible as you want it to be:
- The loans come without collateral. You do not have to worry about using a tangible asset to secure the loan.
- An unsecured loan usually does not include a guarantor. This makes the loan an even easier product to buy.
- Unsecured loans are easily approved based on your income details. That means other loan formalities are skipped with the right (if not good) income factor.
- With the income factor, most lenders are going to make a soft credit check to offer you the loan quickly. This reduces the need for time-consuming formalities.
- Since you are working with a direct lender such as us, you are saved from the lengthy process of trying to find a broker and then get a lender through a professional.
- You can use the unsecured loan as a financial product to help you fix your credit score issues. Take out a loan even with a bad credit score, repay the money following the right term regulations and improve your credit score through the process.
- You can make use of a loan product more interactively if you are taking it out per your affordability. If you choose to borrow a loan in the right amount, calculating whether or not you can repay it following the right regulations, then you can use it to fund your needs comfortably. By taking out smaller amounts or short-term loans, you make it a point to help yourself without having to worry about missing payments.
- Unsecured loans from a direct lending organisation have a distinct financial advantage for borrowers with an unsecured loan. The borrower can choose from a number of loan repayment packages. You get multiple packages with varying rates and durations for a single loan. This helps you make improved decisions to take out a loan in a larger amount but manage it effectively.
To Conclude
In order to find the best loan offer for you, we recommend you check your income statements and credit report. Then, you are supposed to learn about the loan product and understand its terms. This would help you borrow the loan more effectively.
Do you have questions regarding a loan? Are you looking forward to borrow anytime soon? Then drop us a message or ring us anytime you want to. We’d love having a conversation with you.
Anna Johnson has more than 11 years of experience in direct lending industry of the UK. She is the Senior Content Editor at 24cashflow where she is leading a large team of loan experts. During her career, she has helped the loan aspirants to use the particular loans in the best way and improve their financial lives and status.
Anna Johnson is known for her in-depth research of the UK loan marketplace, as she has worked with many major lending firms in her career. During her educational phase, she has done a research on ‘Finance Fundamentals for Growing Business’.
