Speed e loans reviews

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DO NOT APPLY !!!!!! PAYDAY LOANS ARE CRAP! THEY ARE EXPENSIVE AND WILL COST YOU HUNDEREDS!

NO-TO-PAYDAYLOANS

ABOUT SPEED E LOANS-

loan award- best site

Speed- E –Loans, are a new payday loans provider who operate the majority of their services online, they offer ( as the name implies) a very quick service and are able to deal with those that have poor credit histories and find it difficult to obtain a loan from other sources.

One of the main differences between Speed-e-loans and other payday lending companies is that they are a little more concerned about having a responsible lending policy, and as such they will only offer first lime lenders money that they should be able to repay by limiting loans to £250. Repeat customers can increase their lending amounts up to a maximum of £1000 once they have a proven history of repayment

THE APPLICATION PROCESS

Applying for a Speed-E-Loan is easy, they have a clear online application form that asks you “when your nest payday is” and what the following one is. Then you will be taken to a page that shows you how much you are applying for and how much this will cost. In real terms

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MAXIMUM SPEED E LOAN-

As we discussed before you are able to apply for up to £1000, if you are a repeat customer with a track history of repayment, however first time users can apply for a maximum loan of £250

SPEED E LOAN REPAYMENT-

Repayment of your speed e loan is generally arranged to be collected from the bank that your income goes into on your next expected payday, however as you can see above, you are able to extend the loan up to the next payday at a cost lower than the original month

SPEED E LOANS CHARGES AND COSTS-

One of our favorite things about this lending company is the clear charges and repayment structure, they charge £25 for every £100 that you borrow, and an additional £4.95 if you want the money in your account on the same day as your application

EXTEND SPEED – E – LOAN-

Whilst you are able to chose your repayment date when making the application it is possible to extend this using the online service, extended loans are generally cheaper than the original loan in terms of the APR that you will pay.

LENDING CRITERIA

To get a sameday loan from the company you will need to be

• 18 +

• UK Resident

• Expecting a payment within the next 30 days

• Have a bank account

FURTHER REQUIREMENTS-

When applying for this cash we found that there are generally no further requirements to obtaining a payment.

CHANCES OF A LOAN

We applied to the service 10 times using the details of volunteers, all of these applications were for differing amount and the details used covered a wide range of credit and income histories- 9 applications were approved giving the site a rating of 9/10

NO-TO-PAYDAYLOANS

10 thoughts on “Speed e loans reviews”

  1. Can you p,ease give me a loan of 100.000
    I want to go on dragons den with the idea of closing down all of the loan websites who take advantage of the most financially vulnerable people in society. they are the scum of society. People should be able to take out loans without the fear of gorillas knocking on their door threatening to steal their children.

  2. hi i was wondering if i would be able to apply for a crisis loan at all i’m a single parent with a 2 and half year old girl, i dont have any other financial help and in need off some money to get food, gas and electric so i can keep us going until the next time i get paid. i dont have any other money coming in and i lost my purse the other day so had to cancel my bank card and lost the money i had in it. i dont know what to do, please help. can the social pay directly into my account? as im not allowed to go into town and havent been there since my little girl was born due to my ex partner and his family.

  3. When ever you take a payday loan out always cancel your debit card after you recieve your money. That way they cannot take different sums out without your permission and when you go to pay it back ask for there bank details, go to there bank and pay it cash with the banks reference slips to a payee. @Dave your right! Alot say no credit checks but they do

  4. Hello I am just woundering weather I can get a loan please as I am a single mum living at a family friends with a 5month old son and I am in need of a loan for a deposit on a flat as the elderly lady said I can’t stay anymore as she needs her own space.

    1. Hi,

      you can apply for a crisis loan for rent in advance no matter what your situation. Give the living expenses section a call using the general crisis loan telephone number..

  5. i took a loan out with speed e loans i couldnt afford to reapy it back so gareth phoned me and we had an agreed rate of £40.00 per month and the interest frozen. i agreed to pay back the money on my wages day but when i went to the bank they had taken three separate payments of £50.00, £100.00, £500.00 which then left me overdrawn and incurring bank charges as they had cleared my account with out my approval so all my direct debits got rejected and incurred charges

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