We've launched a brand new mobile app! Download it now. App Store Google Play

Applying for a credit card?

When in need of cash for emergencies or untimely inconveniences, what are your options when researching loans and credit cards? Most lenders and banks take into consideration credit scores and previous applications for loans and credit. Banks offering credit cards to customers will score you using data credit reference agencies based on the potential risk of the credit agreement not being fulfilled. Scores are typically calculated based on credit history, problems that may have occurred in the past, and basically your ability to repay bills or loans.

The better your credit score, the more attractive the rates will be when repaying your loan or credit card payments. This will also contribute to the amount you can borrow, or the limit you could potentially spend on your credit card. If you have had problems in the past, or have actually been rejected for credit cards previously, there are many other ways you can obtain credit and get the desirable rates you ultimately wish for.

How do credit cards work?

Credit cards can be useful for those additional bills or extra emergencies at the end of the month. They are also useful for sudden payments which may occur through no fault of your own. However, credit cards aren’t that easy to get if you have poor credit history or a relatively low credit score. If used responsibly, credit cards can be a helpful addition to our daily lives, although if used in the wrong way can cause further problems for the individual.

Customers who own credit cards can spend money on the card up to the pre-determined limit, but must pay a monthly amount off their balance to reduce this on a monthly basis. This minimum monthly payment can be subject to interest added to the balance depending on the rate agreed with the lender.

Many people will stick with paying off the minimum balance each month, meaning that credit card debt can build over time. Some people will be in debt longer with credit cards because of their flexibility of paying off just the minimum balance. With a loan from us, you know what you have borrowed and the full cost of the amount you have to repay.

Whether you’re looking for a bank loan or looking to apply for a credit card, be sure to do your research and see what offers and options you have available. There are options out there when you can tailor your loan or money borrowed to your situation, making it easy to make the repayments on a monthly basis.

What are the alternative options?

There are credit card alternatives out there for people who are having trouble applying for credit cards or bank loans. If you have had problems in the past, or have just missed out on credit due to a few points on your credit score, there are options from lenders offering competitive rates with affordable monthly payments.

118 118 Money offers loans to customers who have been turned down by their bank and don’t want to pay the higher interest rates for a short-term loan but still need money to pay bills, repair cars, or even dental bills. Loans can be applied for and accepted within hours, leaving you free to receive the funds you need via bank transfer, usually within 24 hours. So, if you’re struggling with banks and other lenders, why not contact 118 118 Money and see how we can help you today.

How can 118 118 Money help?

When bank loans can take weeks to process only to reject the applicant, or when credit card applications are being rejected by various lenders, allow 118 118 Money to relieve your stress by offering affordable loans with manageable fixed monthly payments (missed or late repayments will incur a £12 charge). Whether you’re looking for quick cash or a longer term alternative, 118 118 Money offers the perfect credit card alternative.

Credit cards can start to stack up and leave you in a never ending spiral, so why not speak to our team today. Better still, you can even apply online via your desktop, mobile, or tablet and receive the loan you need. There’s no need to pay back more than you need to; with us you could actually pay back less than you would in comparison to other instalment loan lenders. Feel free to use our calculator to work out how much you need, over what time period, and what the monthly repayments could be, accompanied by total to repay and eligible APRs.

Apply today and see how 118 118 Money can help.

Representative 49.9% APR.