A Guide to High Acceptance Loans

There are plenty of occasions when being able to borrow money from a bank or a lender can really help people. Sudden expenses can crop up at difficult times, for example. You might need to pay an unexpected bill or have to replace something important that’s been lost. If you need to make an urgent payment, but you don’t have the funds, then being able to borrow money can be really useful.

However, actually getting hold of a loan can sometimes be difficult. Sometimes, people find that most lenders just won’t accept their application. People with a poor credit score, for example, often find it’s hard to get accepted for a loan.

High acceptance loans can be really tempting if you are finding it hard to get a loan. As the name implies, high acceptance loans are loans that have a higher than average acceptance rate. However, lenders that are offering these kinds of loans may be irresponsible as all loan applications must go through rigorous checks before approving them so offering a “high acceptance loan” doesn’t really make sense.

At Cashfloat, we offer a better alternative to high acceptance loans. Our loans are easy to apply for and we guarantee same day funding once approved. As a direct lender in the UK, we prioritise responsible lending and all applications are subject to credit checks.

When applying for high acceptance loans in the UK, you’ll be asked to provide some personal and financial information on the application form. The direct lender or broker will then use that information to help them with their lending decision. If approved, money will be sent to your bank account within a few hours or days depending on the lender.

Responsible lenders will never offer 100% approval rate loans or loans with guaranteed approval. You should steer clear of lenders that offer these kinds of loans. Even if lenders do promise high acceptance rates, they will still need to carry out credit worthiness assessments for every applicant as required in the UK by the Financial Conduct Authority (FCA). As such, they’ll never be able to completely guarantee approval.

Cashfloat offers a safer alternative to high acceptance loans. Our short term loan application is simple to complete and you can apply even with a bad credit score. Apply for £300 up to £1,500 and receive an instant lending decision.

So, what are the reasons people apply for high-acceptance payday loans? Some people think applying for high-acceptance payday loans will provide them with a hassle-free experience as they will be accepted for a loan immediately. However, as a seasoned direct lender in the UK, we know that lenders offering high-acceptance payday loans are likely to be unsafe options. Choosing a secure loan from a direct lender like Cashfloat comes with many more perks. Let’s take a look at some of those benefits:

• Transparent Terms:

  At Cashfloat, we lay out all the terms with no hidden fees or surprises, ensuring you know exactly what you’re getting into before applying.

• Flexible Repayment Plans:

  Tailored to your budget and lifestyle, choose from 3-9 months to repay your loan (depending on your loan amount), easing financial strain while offering options for quicker repayments with no fees.

• Friendly Customer Support:

  Our customer service team is just a call away and can help you with any queries or concerns, ensuring a smooth and supportive experience throughout your loan journey.

• Fast Approval Process:

  In most cases, loan decisions can take up to 30 minutes during office hours. Once approved, money will reach your bank account within 1 hour.

• Responsible Lending:

  We conduct thorough affordability checks to prevent overborrowing, prioritize your financial well-being, and ensure a sustainable borrowing experience.