Swift Money are able to provide very high acceptance rates, whilst also providing the best possible rates available to the customer.
Upon approval from one of our lenders you can have the loan amount deposited into your bank account the same day.
Our efficiency is achieved mainly due to our one page loan application, which does not require any extensive information or paperwork. This shortens the processing time immensely. As the process is also completed completely online, you can start to get an idea of why we are able to arrange your loan so efficiently.
Please note that all lenders will carry out a credit check. Please keep this in mind when applying elsewhere for payday loans with no credit check.
Since Swift Money launched in 2011 we have processed over 400,000 loan applications.
Due to our Efficient service, our customers look to us whenever they run into financial problems.
We also owe a lot of our success to our customers that spread our brand via word of mouth.
Whilst banks on occasion tend to require proof of what your loan is for, we do not.
Some common uses of Payday loans include:
Thank you for visiting Swift Money and considering our services. If you have any queries or concerns we would love to hear from you. You can contact us via Email, Live Chat or by Phone. For full details please see our Support page.
New Report Warns Average UK Family Will Be 15k In Debt By 2020.
June 24, 2017
A recent TUC (Trades Union Congress) report shows that the average UK family will be £15k in debt by the year 2020. The shocking report revealed that UK households are heavily dependent on credit cards and payday loans. Unsecured debt per household expected to hit £13,900 by the end of 2017. The TUC reports that Britain is in a living standards crisis given that millions of...
Summary of the UK Payday Lending Market Investigation by the Competition Market Authority (CMA)
June 21, 2017
Just recently, the Competition Market Authority (CMA) conducted a payday lending market investigation. Below is a summary of the findings as well as recommendations. Overview According to the CMA investigation, the average size of a payday loan in the UK stands at £260 and almost all loans are £1000 or less in value. The loans vary depending on repayment terms with most...
How Has The UK Short Term Credit Market Been Revolutionised by The 2015 FCA Price Cap Regulation?
June 19, 2017
Since the FCA introduced price cap regulation back in 2015, there have been changes in the short-term credit market. The latest Social Market Foundation (SMF) report commissioned by the CFA (Consumer Finance Association) offers the latest assessment on the impact of price cap regulation on the short-term credit market in the UK with a special focus on cost as well as...
Making Money on YouTube: Top 7 Tips
June 17, 2017
There are infinite ways of earning money online today. Making videos and posting them on YouTube is arguably the most popular and profitable today. It, however, takes a lot of time and effort to make great YouTube videos capable of attracting a wide audience. To be able to make money on YouTube, you must employ concepts of Search Engine Optimization (SEO) otherwise people...
Swift Money Ltd are authorised and regulated by the Financial Conduct Authority (FCA)
Authorisation can be checked on the FCA register at: https://register.fca.org.uk/
FCA Firm reference Number: 738569
Collections Process: If at any point during the term of your loan you feel that you will have difficulty in repaying what you owe, you must contact the lender immediately. You will be able to discuss repayment options and avoid missing your repayment date completely.
Please be aware that this could incur further charges or interest as a result. Please also note that interest rates are capped at 0.8% per day and charges are also capped to a maximum of £15.
If you fail to notify the lender of your difficulties and miss your repayment date, your details could be forwarded onto debt recovery agencies to recover the debt. This action is not taken lightly and is always a last resort.
Implications Of Non Payment: Again, if you are struggling, or feel that you may struggle to meet your repayment date, you need to contact the lender immediately. If you do not do this and you fail to meet the the agreed repayment date, this could adversely effect your credit score and will harm your chances of obtaining credit in the future.
If you do miss your repayment date interest and charges may also be applied. In this instance lenders will always try to contact you via telephone or letter in order to recover the funds or to arrange an alternative repayment solution.
Late Payment: Where you feel that you may have any difficulty in repaying your loan on the pre-arranged date, you will need to contact your lender immediately. You will be able to rearrange your repayment date to a more suitable time (this may result in a small charge being added on to the total amount due). The late payment fee could vary from £1 to £15, completely dependent upon the delay and the lender.