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Price comparison websites aren’t exactly a “new” thing; they have been around for many years, helping ordinary people to find attractive deals on products and services ranging from fixed energy tariffs to car insurance quotes.

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So, you might well have used such a site previously, and therefore feel confident about using a loan comparison site to find the best short term loan for your requirements.

Or perhaps you have never made much use of price comparison sites in the past, and are therefore interested to know whether such sites are worth the bother?

Below, then, we have set out the essentials.

The Downsides of Trying to Compare Loan Deals Manually

The Downsides of Trying to Compare Loan Deals Manually

Now, before we go any further, we should clarify that here at CashCompare, we are a loan comparison site of sorts ourselves. You do not directly lend money ourselves, instead acting as a credit broker that helps to connect direct lenders with those who are seeking out a loan.

At this point, you might be thinking… wouldn’t it be better for a prospective borrower to just “cut out the middle man” and go to those lenders directly? After all, they probably have their own websites, and so on…

Of course, that could be done… but it would be a very time-consuming way to try to compare loan deals. If you are the aspiring borrower, you will also have to be aware of the potential effect of credit checks that those lenders might carry out when you ask them for a loan.

Some of the lenders that you approach, for example, may perform what is known as a “hard” credit check, in order to assess your suitability. This is the kind of credit check that involves your credit record being reviewed, and which – in effect – leaves a mark on your credit report.

A succession of hard credit checks in a short space of time – as could occur if you try to manually compare short-term loan offers – could damage your credit score, given that it could imply you are struggling to manage your financial obligations.

And of course, even after going through four or five different possible lenders, you might not greatly like the offers you are presented with.

A Loan Comparison Site Could Help You Quickly and Easily Sift Through the Market’s Offerings

A Loan Comparison Site Could Help You Quickly and Easily Sift Through the Markets Offerings

Now, let’s switch the focus to a loan comparison site, such as CashCompare. How does the process of comparing loans work with us?

Well, for one thing, you won’t even need to do much comparing. It’s a straightforward case of filling in and submitting our no-obligation loan request form, at which point, we will match your details to our extensive panel of represented lenders. This will enable us to quickly present you with a suitable product for your needs.

If you do like the short term loan option you are presented with, you will be able to take advantage of the offer, and the loan amount could be quickly transferred into your bank account, following the verification of your documents.

Oh, and along the way, we won’t perform any credit checks on you or charge any fees. Only after your acceptance of a given lender’s loan offer, will they then carry out a hard credit check on you, before confirming whether they can approve you.

Turning to a reputable loan comparison site, then, could help you find the most suitable short-term loan for your circumstances and requirements, on the right terms. Complete and submit our no-obligation loan request form today, and you will quickly discover what the possibilities could be for your own short-term loan.

"Warning: Late repayment can cause you serious money problems. Always consider if borrowing is the right option for you and ensure you can repay your loan." For help, go to moneyhelper.org.uk.

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