What exactly is a payday loan?
A payday loan is a form of short-term credit that lets you borrow relatively small amounts of money. In most cases, this means that the loan would have to be repaid within 30 days and that the maximum amount you can borrow is under £1000.
How long does it take to fill out the application form?
At Eagle Loans for Bad Credit, we have designed the application process with simplicity and convenience in mind. Therefore, the application form is very short and should take less than 3 minutes to fill out. Unlike with other lenders, there is no need to visit our office, or to fax or mail any documents to us. The entire process is taken care of online.
Is the application process safe?
Yes. Eagle Loans for Bad Credit deploys every effort to ensure that customer information remains protected. All of our computer systems are designed with your privacy and security in mind, so you can rest assured that your personal information is kept confidential.
Is there any charge to apply for a loan?
There are no charges to make an application. The only charges that are applicable with your loan are the interest charges and late fees.
I’ve had credit problems in the past. Will I qualify for a loan?
We only issue loans to individuals that we believe will be able to repay them on time. Our system is designed to evaluate every application based on certain criteria, such as the amount borrowed and your monthly income. You may still be eligible for a loan, even if you’ve had trouble paying your debts in the past. However, we must be sure that your circumstances have changed and you will be able to make your loan payment on time.
Do I need to be employed to qualify for a payday loan?
Yes. We require that all applicants be currently employed.
Are there any hidden charges?
No. We will disclose any applicable fees and interest charges to you in a clear and upfront manner when you accept the loan.
Do I need to own my home to apply for a payday loan?
No. Home ownership is not required to qualify.
Are there any restrictions on what I can use my loan for?
You can use your loan for any purpose, as long as it is legal. Our customers have used their loans for a variety of reasons, such as paying overdue bills, unexpected home or car repairs, and even going on a short vacation.
When will I receive my money?
In most cases, you will receive the money within 2 hours after your application has been processed, however it can take up to 24 hours during weekdays. During the weekend, your funds should be deposited to your account by the next working day.
What if I have questions not answered here?
Our customer service is available 24 hours a day, 7 days a week to answer any questions that you may have about our loan products.
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