Mobile Currency Comment – Is mobile money a strict lender?

Before getting a much-needed log loan, be sure to read this Mobile Money review so you can make an informed choice and avoid any pitfalls with such credit. After all, don't you want to go with an unethical lender?

The log loan is a short-term loan [using Mobile Money for up to 6 months] and is secured by your car log. This is one of the most reliable ways to get the cash you need today. When you drive, the lender keeps your logs and repays the loan. This type of loan can be provided because the log loan is based on the assumption that the car log is a valuable asset because it contains all the important information about your car, which is essential if you need any repair or maintenance. of. In the future. This is also convenient because, as mentioned above, instead of using your car as a collateral for the loan, which means giving up the car during the loan period, you will still retain the shipping method and start using the car. You can use the money.

Mobile money is one of the longest and oldest log loan providers in the UK, with the lowest APR and lower than all competitors. A typical APR is 385.2% [usually means that two-thirds of customers have this APR or lower].

The interest rate is even lower than the typical interest rate of a payday loan, which may be many times higher than the APR of a payday loan. Log loans can save you money and are a good choice for those who would otherwise be able to get a payday loan.

Log loans are easier to qualify than payday loans than almost all log loan lenders do not conduct any credit checks. Therefore, for those with poor credit records and those who do not have full-time jobs, don't worry, even if you are not eligible for a payday loan, you are eligible for a log loan. Even self-employed and bankrupt are eligible.

Mobile Money also has one of the fastest approval decisions. Once approved, you can get cash in less than 15 minutes. Usually, when you apply online, they will arrange to meet with you to verify your car and prove that you are your true identity! Then you can get cash there!

Mobile Money can offer loans anywhere between £100 and £25,000, provided your car has to reach a minimum valuation. Ideally, the car should be less than 8 years old. Their loan service is only available in England and Wales.

Of course, the usual requirements apply. You must be at least 18 years of age and live in the UK, more specifically in England and Wales [as described above]. In addition, you must be the legal owner of the vehicle and your vehicle should be unfunded.

As for the repayment method, in addition to credit card and direct payment, Mobile Money accepts most payment methods. These include depositing cash into their accounts or any branch of Barclays Bank. They also accept postal money orders, bank drafts, debit cards and regular money orders.

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