What Happens if I Cannot Repay My Loan?
Failing to keep up with loan repayments will often result in follow-up emails, calls and messages from your creditors. Over time, this will incur late fees and negatively impact your credit score, making it harder to access finance and credit in the future.
Does Applying to Borrow Money Impact My Credit Score?
No, making a loan application through our website will not affect your credit rating. There may be a soft search on your credit file and this is a way of checking your credit score and finding the loan most suitable for you. A soft search disappears from your credit file shortly after applying.
Can I Borrow Money Without a Guarantor?
Yes, you do not require a guarantor to be eligible, we have a number of unsecured options which you can apply for directly, or you can use a secured product, borrowed against your home or vehicle.
Will I Be Charged Any Fees for Applying?
No, there are no upfront fees for the customer or any fees for just making an application. The Proper Finance website is free to use and always will be. We may receive a commission from the lender if your application is successfully funded or approved, but this will not incur a charge to you. Naturally, you as the borrower will incur interest for your loan, but this will be directly with the lender and rates will be agreed before you proceed.
Is Proper Finance a Direct Lender?
Proper Finance is a comparison site that is registered and authorised by the Financial Conduct Authority. We work with over 100 lenders so that you can compare products and by clicking on the lender of your choice, you can apply directly on their website. If we have an application form, this will be sent to one of our partners who is best suited to your requirements including loan amount, duration and credit status.