1 Month Loan is a payday loan brand name / trading style of Think Finance (UK) Ltd, providing cash advance lending in the £75 - £750 range.
The company offers consumers payday lending, which are a type of
short-term, unsecured debt, typically paid back by the borrower on the
next salary payday from regular employment.
Central requirement to getting a payday loan, therefore, is having a steady job and income.
A typical use for payday advances in the UK is to cover small expenses resulting from emergencies, or other unexpected expenses.
According to industry research, some use these loans to avoid expensive overdraft fees, late payment charges, and expenses resulting from disconnected services.
However, these are not loan products intended as solutions for long-term money problems, and even in the short term, you should research the available alternatives.
These alternatives range from salary advances from an employer, getting a small consumer loan from a local bank, or a cash advance from a credit card.
If you decide to go with a cash advance loan, you should read the loan agreement in detail, to fully understand the type of interest rates and fees charged, and how the repayment procedure takes place.
It is also a good idea to compare loan prices between the available lenders, using some of the available online tools, or by visiting your favorite lending companies and comparing their best prices.
With 1 - Month Loan, the loan procedure takes place online, by filling an online form.
When you have submitted your loan application, the company checks the details you provide from, for example, Credit Reference Agencies and other third parties, after which you get a credit decision.
Once approved, your money will be electronically deposited to your bank account.
There is a fee if you would like to have a same day money transfer, but if your bank does not accept these fast sameday payments, the fund transfer may take up to 3 days.
Cash advances should be used for short-term financial needs only, not as a long-term financial solution.
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