Increase your Chances of Getting Approved for Shor

Created: 2016-10-17 08:00:00

When you have a financial crunch, you need some quick cash. There are short term loans that can offer you the hundreds or a few thousand pounds you need but the approval will depend on many factors. Your income, the loan amount, your credit history and other details that define your financial profile will be factored in. Should you have poor credit or not have enough income to get the loan amount you want, you may want to use some collateral.

You do not need to sell any assets or even give them up temporarily. You do not need to try and knock your bank to increase the line of credit. You can opt for title loans or short term loans that will allow you to use your car or other similar assets as the collateral.

Cash Kitty offers various types of loans, facilitating peer to peer lending and payday loans among others. Should you be unable to offer collaterals, you would qualify for the least loan amounts given your income. When you use a car or some kind of asset as security against the cash loan that you are in need of, the approval prospects and also the loan amount you may qualify for will get a boost. Short term loans from Cash Kitty involving collateral are not complicated.

They only involve an additional step of verifying your ownership or inspecting the asset you pledge as the security. All other checks and balances remain the same. On the positive side, you may get approved whereas you would have been rejected without the collateral and you can qualify for a higher loan amount. Compare loans in UK and make an informed choice. But do consider offering some asset as security or collateral when you can while applying for short term loans.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk