Why can't I get a short term loan?

If you’ve found it difficult to get a short term loan from Moneyboat or any other short term lender, consider the following:

  • Is your credit record up to scratch? You can check it for free with companies like Experian)
  • Do you earn at least £1,000 a month?
  • Do you have a full-time or part-time employment contract?
  • Do you have other debts that you are struggling to repay?

If any of these factors are an issue for you, you may struggle to be accepted for a short-term loan under the FCA’s responsible lending regulations.

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We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

  • Moneyboat.co.uk are in no way connected or affiliated with the application or affiliate links mentioned in this or any article. We do not receive any commission and are not responsible for any charges that may result from any free trials or paid subscriptions.
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  • Information and data on this blog are for information purposes only. While we work hard to ensure it is accurate, we cannot accept responsibility for the accuracy, completeness, suitability or validity of any information provided on the blog. We will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided with no warranties and confers no rights.

If you feel that any of the information published on our blog is not accurate, please notify us via email at thecrew@moneyboat.co.uk.

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%. 

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Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.