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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed).Representative 669.35% APR (variable).
Need money today? A cash loan can be the quickest way to get the funds you need.
A cash loan is a type of loan agreement for a cash advance. Often used when an unexpected financial emergency arises, they can be a great fit if you need cash today. At Cobra Payday Loans, we can arrange fast cash loans that can be credited to your account on the same day of approval.
At Cobra Payday Loans we try to make it as easy as possible to access the fund you need. Our service is designed to get exactly the amount of money you need, exactly when you need it, without any of the hidden catches that get in the way. This is because we recognise that your personal finances ebb and flow all the time and that sometimes everybody needs a little bit of extra cash without all the difficulty and time it would take to go to some of the mainstream lenders.
We can arrange loans for almost anyone, even if you have had bad credit in the past, through a bad credit loan. Our system is set up so that lending decisions from our panel of lenders are based on individual situations, not just your credit score.
While we are famous for our flexibility around the products we have, did you know we are also flexible for you too? High street banks and other lenders go through all kinds of rounds of checking to make sure you are a good candidate for a loan, which not only takes a lot of time but also harms your credit score by conducting hard searches on your file. Lenders do not like to see many hard searches, so it is not good to have too many. So while we still carry out checks to make sure what you are borrowing is safe, at the same time, we only carry out soft checks on your report, which do not damage your score. Only once you accept an offer of a loan from one of our lenders will a hard credit check be performed.
When we say we are flexible, that also applies to the types of loans you can get. Whatever your situation, we have got a product that can be perfect to suit your needs. If you are looking for a bit of extra cash to cover an unexpected expense or carry you through to payday, then a traditional payday loan might be exactly what you need. It does exactly what it says on the tin, lending you less than £1000 to tide you over until the next time you get paid, with all the money being paid back at the end of the month. It is a great system for those unexpected bills because you know exactly how much you will be paying back ahead of time, so there are no nasty surprises afterwards. It is a totally transparent type of loan that is useful for anyone who needs a little boost.
If you are looking for a longer-term loan, then we can help you out with that too! Sometimes it helps to spread out the cost of a purchase, and if you know you won’t be able to pay the money back in a month, why would you set yourself up to fail? That is why we also have the option to spread your payments out over up to 36 months, so you will pay back less each month but still pay your debt down. Using this option is great for larger purchases and takes a lot of the pressure off you to come up with large amounts of money on a tight deadline. Still, it usually means you will pay more interest over time, and it runs the risk of you forgetting to pay, so it’s important to be disciplined.
On top of these two most common types of loans, there is also a galaxy of other loans out there that can help you regardless of your situation. Our job is to scour the UK’s lenders and find the perfect loan package for your situation, so tell us what you need and a little bit about yourself, and we will do the rest. From same day loans to revolving credit agreements, if you need cash fast and you are not sure how to go about getting it, we can help.
Here at Cobra Payday Loans, we do not actually lend you money. We are what is called a credit broker. That means we act as the link between you and our panel of 30+ lenders all over the UK who are waiting to lend you the money you need. The world of personal finance can be very confusing, and there are so many options out there beyond the high street banks, many of which you cannot even see if you are not in the industry. We work for you, and it is our job to find you loans and rates that you would never be able to find on the internet, thanks to our great relationships with speciality lenders all over Britain. Whether you have got bad credit or want a fast loan at a decent rate of interest, but you have had no luck on the high street, we have got the lenders who can help you out.
Working with us also means that you will benefit from our help and our years of experience in the finance industry when choosing the type of product that is right for you. You can also be sure that we are the real deal. We are regulated by the Financial Conduct Authority, and we only work with the most honest and trustworthy lenders, so you do not need to worry about whether a lender is genuine. We have done the homework for you. If you would like a loan but would rather someone else do the legwork for you, come to us.
It is our job to get out there and secure you the best credit options available, but there are a few things you can do to make sure you are in the best position to get a loan when you need one. Let us look at a few of them.
Firstly, it is a good idea to get your own finances in order before you try to borrow more. Set yourself up a budget spreadsheet that looks at all your incomings and outgoings so you have a clear picture of where you stand. If there’s space in there for another expense, that is great, and you should be a great candidate for credit. If not, then it might be a good idea to wait for a bit until you are in a stronger position. Remember to include interest payments in this bit because that is an important factor in the loan’s affordability.
Next up comes the application. We carefully look over the information you provide to find perfect loans for you, and we base our decisions on what you have told us. Not only are our choices likely to be wrong if the information you have provided is incorrect, but this could lead to us recommending a product that is inappropriate for you and could put you into financial difficulties. That is why you must be honest in your application, and sure you have not made any errors. Try to be as accurate and thorough as possible because the more accurate information we have, the better our choices will be suited to you.
Once you have been approved for a loan and the money is in your account, you must stick to the payment schedule that you agreed to. Paying early is always a good idea unless you are not allowed to by the terms because you can be sure you will have enough money to make your next payment. However, if you pay late or do not pay at all, there can be serious consequences for your credit score and your financial health, which may result in your being refused credit in the future or may cause you to have belongings repossessed.
Another great way of getting access to more types of loans is to build your credit score. The score is based on your credit report. The information banks can see about you then helps them decide whether to lend you money. It has got a lot of information in there about you, including your personal details, a list of all the debts you owe and how many payments you have missed or made late. Boosting your score makes you a better target in the eyes of lenders, and it will make it much easier for us to find you a better variety of loans at better interest rates.
One of the easiest ways to build your score is to be disciplined with your payments and make sure you do not miss any. You can also lower the amount of money that you owe before you try to take out anymore. A good tip is to try to use less than 50% of the amount of money you can borrow, which shows to the lenders that you can be disciplined with your finances and not likely to overextend yourself. One simple trick is to ensure that all your details are right on your credit report, such as your name, address, and date of birth. Lenders use your report to confirm that you are who you say you are, and if the details do not match what you have put on your application, they count that against you. It’s essential to do this after major life events, such as changing your name or moving to a new house, because that’s when errors can creep in.
Credit should be a ticket to freedom, a great way to spread the cost of making progress in your life and achieving new things, whether fixing a boiler or going on holiday. However, while it is true that credit can open lots of doors if you are not careful, it can also become a bad habit, which can lead to problem debt. Problem debt is a spiral that causes you to borrow more in the interests of repaying what you already owe, taking out loans and credit cards to pay off other loans and credit cards before the payments are due. This is not a sustainable way to live, and one day the whole pack of cards can come tumbling down when you cannot borrow any more, and you are left with a massive bill that you cannot pay.
We will always try to avoid recommending products that are not in your best interests, but it is important that you know there are organisations out there set up to help people who struggle with problem debt and cannot find a way out. They can help you set up repayment plans to get you back on the right track and on the way to being debt-free, whether that is as simple as a more affordable budget or something more serious like bankruptcy. Charities like Step Change and Christians Against Poverty are a couple of those out there who can help, while you can always turn to Governmental organisations such as the Citizens Advice Bureau, who can offer advice on a range of topics from debt management to debt relief options.
Getting credit at the right time can be a life-changing experience, but it is often hard to do in today’s hyper-cautious age when the banks try to find any reason to turn you down. That is why you should work with Cobra Payday Loans. We are on your side, and we work tirelessly to find the best products for you and help you turn a bad situation into a walk in the park. We listen, we understand, and we are ready and waiting to introduce you to a great range of creditors from all over Britain, at rates you will not find anywhere else.
If you need a cash loan but struggle to get accepted, or if you cannot find the right product for you online, then trust us to do it for you. Whether you only want to borrow a small amount, you want to borrow over a period that you set, or you need the money for a specific life emergency like a broken car, we can find you exactly what you need. So don’t delay, apply today!