How do we make money on loans at MoneySuperMarket. For unsecured loans (also known as personal loans, where someone simply borrows money and commits to paying it back month by month) when someone clicks on a loan, applies for a loan or enquires about a loan through MoneySuperMarket, we usually get paid a fee by the loan company.
Which one of those options happens depends on the loan company. For secured loans (where someone borrows money and uses their home as security cash loans for dsp the debt), we work closely with a number of credit brokers who organise the loans and pay us a fee each time.
Do we offer loans from the whole of market. We include loans from the companies we work directly with on MoneySuperMarket. We dont work with all loan companies, because some companies dont want their loans included on comparison websites.
In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require defcredit personal loan to agree to resolve any disputes in a tribal jurisdiction.
You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a cash loans for dsp financial solution.
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Interest rates can top 1,000, and nearly half of borrowers default inside two years. Explore other options.