Payday loans remain a controversial subject in the UK, with alarming statistics showing increasing numbers of individuals being caught in so-called ‘debt traps’ where individuals fail to pay back short term loans used to pay existing debts and take out further short term loans to cover their default. As they should not be entered into lightly, it is important to seek the best advice. Online Loans 4 U offers advice, guidance and effective price comparison for users seeking — quick loans to make sure they are not taken advantage of by predatory lenders.
The company has extensive introductions to key points of consideration for anyone considering short term loans, personal loans, secured loans or debt consolidation services. These introductions explain the key differences between the types of loan, what they can be used for and the typical scale of the loan.
The homepage also has an interactive search function which allows individuals to enter the amount of a loan they require. The price comparison service will then enter the loan amount to company’s automated quotation services and feedback the results in one easy to compare results panel, which shows the interest rates, repayment periods and other key details so users can choose wisely instead of being blinded by aggressive advertising.
A spokesperson for Online Loans 4 U explained, “We are one of the few companies which will specialise our search to the loan amount the user wishes to take out, which we have found to be more important than any other factor in determining the value of a loan from a range of providers. Some will offer a special rate on a loan of a given size while others will place swinging interest rates on low amounts. By making a price comparison by amount, we can match borrowers to lenders who will best suit their needs.”
About Online Loans 4 U: Online Loans 4 U is a price comparison website for payday loan companies so that UK customers seeking financial aid can find the best deal available from a wide array of payday loan providers. The company also offers advice, guidance on comparison on debt consolidation, personal loans and secured loans.
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