Need Cash Now

Need Cash Now? Quick & Easy Short Term Loans for up to £5,000 Await You

If you’re in need of emergency cash and can’t wait until your next payday, Pounds to Pocket is here to help. We offer fast, urgent loans for those needing quick cash in emergencies.

We can offer hassle-free, cash for any purpose via loans of up to £5,000. We also boast highly flexible repayment terms (1 – 36 months) and we only partner with lenders who offer highly competitive interest rates. In addition, all the lenders we partner with are wholly regulated by the Financial Conduct Authority and will practice fair and responsible lending. This means that they will only lend you money that you considered able to repay safely.

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Representative Example: Rates from 48.1% APR to 1721% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of £89.22. The total amount repayable is £1605.96. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed) Representative APR: 79.5% (variable).

Our Promise

Our promise to you is simple. We will aim to provide a quick and easy same day loan service is a fair, transparent, and responsible manner. We also strongly adhere to the FCA’s policy framework concerning the fair treatment of our customers. As do every direct lender in our network. This means you’ll be afforded a stellar service right across the board. From application through to the ultimate settlement of your loan.

Pounds to Pocket Eligibility Requirements

At P2P, we know that our customers need cash, and they need it today. And it is our mission to facilitate that. Our application process, lender matching system and same day lending partners combine to allow that to become a reality. And we make it extremely quick, simple, and straightforward to boot! Below we’ll run through what we require for you to be eligible to apply for a loan along with a brief overview of how the application process works.

What We Require

To apply for a loan, you must meet ALL the following criteria. Please also have your personal details to hand as to speed up the application process.

• You must be a resident of the United Kingdom.
• You will need a UK address, phone number and email address.
• Have a UK bank (current account) which your income is frequently paid into.
• Have a regular income be it from self-employment, employment, benefits, or pensions.

If you meet all the above, we will welcome your application.

The Application Process

The Pounds to Pocket application process is one of the quickest in the online / short term loan sector. It has been devised to be completed in under 2 minutes (if you have all your personal details to hand) as it only requests the most basic details from you to process the application. You will need to provide information such as your name, date of birth and contact information and you’ll also be asked for details surrounding your income and expenditure. Upon submission of the form, it will be simultaneously sent to all the lenders in our network that match your requirements and our system will automatically choose the best proposal from those who were interested in processing your application. This is a fully automated system and takes a further 2 minutes roughly.

Upon acceptance, you will be presented with a loan offer to review. It will detail all the specifics of the loan agreement and you’ll have the option to either accept or decline the proposed terms. You are under no obligation either way. If you accept, the lender will then transfer the loan funds directly to the bank account you specified in the application form. This will also be the same bank your repayments are made from.

Lending Options for When You Need Cash Now

Payday Loans: This type of loan has received a significant amount of bad press in recent years. Most notably due to the small repayment window that was previously afforded. This led to many people being left unable to repay and inadvertently being sent into a debt spiral as loans were continuously rolled over. Fortunately, changes in rules and regulations were introduced recently that allows for much more flexibility when it comes to repayment terms. Thus making it a perfect product for those that need money now.

Short Term Loans: If you need cash today it’s often for an emergency and not a loan you’re looking to pay back over a long period of time. Therefore short term loans are an ideal solution for getting you out of a jam in a hurry. The short term loans offered by Pounds to Pocket can be repaid from between 1 month right through to 36 months. This allows you adequate time to get yourself back on track. We pride ourselves on offered flexible loan terms.

Same Day Loans: This type of loan is perfect for those needing cash in a hurry. Not just because you’re able to get the cash same day, but also the loan products falling under this umbrella tend to suit those in need of emergency funding. Most notably, they’re often for small amounts over short periods of time. They also tend to boast lenders who consider affordability a key factor in determining creditworthiness. Ideal for those who suffer from bad or poor credit.

Common Reasons for Needing Money Today

Getting caught short (in the financial sense) can happen to the best of us. We’ve all been there, spent all our money and are left desperately waiting until our wages land before we can pay the bills. For most, this is a regular occurrence and with good, basic money management, it doesn’t tend to cause too many issues. But sometimes things need paying there and then and waiting a week or two for your wages to arrive just isn’t feasible.

Below we’ll discuss some of the more common reasons for needing cash now that we encounter on a day to day basis. You’ll no doubt have struggled with a few of these yourself and perhaps one of these is also the reason you’re visiting Pounds to Pocket today.

Example Usage Cases

We’ve outlined some of the more common reasons for needing an immediate influx of quick cash below. These were all provided to us by previous customers and should give you an idea of the sort of thing you can use one of our short term loans for. All the loans offered by Pounds to Pocket are cash for any purpose. You will be asked to provide a reason for borrowing in the application process, but any usage will not be tied to that specific purpose.

• Assistance with rent/mortgage payments.
• Help with utility bills.
• Avoidance of fees/charges/penalties resulting from late repayment of other debts.
• Emergency expenses, car broke down, medical bill etc.
• Food, transport, sundries.
• Simply making ends meet until your next payday.

Borrowing Money Online – Key Considerations

Aside from the specifics of the loan agreement, there are also important safety and security aspects to consider when shopping online. Particularly anything that involves money and the submission of your personal details such as the information that is required when applying for a loan. You need to be sure that you’re using a secure, authorised service first and foremost. And secondly, that you’re getting a good deal on your loan.

Safety and Security

Searching for loans online yields a lot of options. From high street banks, well known reputable lenders, to lesser known direct lenders and brokers. This makes choosing the right lender a challenge and when coupled with safety and security considerations, it makes life even more difficult. Below we’ve listed some key considerations and things to be on the lookout for when looking to take out a loan online. Even if you need cash in a hurry, it’s no excuse for being lackadaisical in your approach to borrowing money securely.

• Choose reputable lenders and brokers where possible.
• Read reviews. Make sure people are receiving their money.
• Real address and contact information. Phone number ideally.
• ICO registered.
• Privacy policy, terms and conditions and a detailed complaints process.
• UK based and subject to UK rules, regulations, and legislation.
• Secure browsing and form submission via SSL (valid certificate).

The majority of the above is common sense, but you’d be amazed how easy it is to neglect some of the basic considerations when you’re in desperate need of cash in a hurry.

Loan Details and Terms

Often if you’re in need of cash in a hurry, you’re more likely to accept a non-favourable deal as opposed to shopping around for a better price or even negotiating the terms of the loan agreement with your chosen lender. And with interest rates varying wildly, particularly in the short term / emergency lending sector, this is often a mistake. And one which could lead to you repaying a significantly higher amount than you’d be required to if you shopped around.

At Pounds to Pocket, our lending partners offer different products with varying interest rates and repayment terms depending on the amount you wish to borrow and the term you’d like to take the loan over. Our lender matching system will always choose the best deal for your requirements automatically and upon reaching the final step of the loan application process, you’ll be presented with a full and complete breakdown of your loan agreement. It will detail the amount you intend to borrow, the term you plan to take it over and details of your monthly repayments. It will also clearly and concisely show you how much the loan is costing you by way of interest. So you can decide with no obligation if the loan offer is right for you.

Reported interest will be calculated using an annual percentage rate (APR%) which on the face of it may perhaps seem excessive. However, most urgent loans are typically taken over a much shorter period. Not a full 12 month (annual) term.