NextCredit is an instalment loan company who predominantly offer short-term loans to their customers in need. They are a very ethical lender and insist that a short-term loans purpose is to provide you with a lump sum of cash advance that’s payable over a period of time that is affordable and realistic for you to pay back. Moreover, they insist that their service – short-term loans – are a more expensive form of credit and are unsustainable for supporting sustained borrowing. Numerous credit checks are taken into consideration when seeing if a customer is a suitable match.
The total cost of credit is 0.8% per £100 borrowed per day for the loan period, and part of NextCredit’s terms and conditions are that you will never have to pay back more than you acquired in interest and charges. The process of getting the money is fairly simple also. It is an easy and quick fast application online after you decide how much you wish to borrow. Credit checks will then be carried out to see if you can afford to repay it on time and then the loan is yours if viable.