Jargon Free Loans

Loans do not have to be complicated. Read our jargon buster to make sure you understand everything before you apply.

Some people can be put-off from reading about loans because they are confused by all the jargon used. In fact, some unscrupulous loan companies rely on the fact you are unlikely to want to read a lot of their text.

We never want you to feel confused or out of your depth on our site or when looking at your credit report, so this handy jargon buster will help you to understand the websites of loan companies and make sure you’re never caught short.

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£1000 for Martin in Lincolnshire
£200 for Vincent in Southport
£300 for Hanif in Birmingham
£500 for Anna in Launceston
£300 for Judy in Islington
£300 for Anish in Essex
£1000 for George in Bromley
£50 for Neil in York
£2000 for Mohammed in Smethwick
£100 for Harley in Folkestone
£1500 for Mary in Motherwell
£200 for Jane in Culross
£500 for Stuart in Worthing
£1500 for Samuel in Harrogate
£400 for Louis in Folkestone
£400 for Jessica in Huddersfield
£400 for Anthony in London
£200 for Michael in London
£250 for Louisa in Croydon
£300 for Glen in Dereham
£300 for Mark in Guildford
£200 for Carly in Manchester
£600 for Elizabeth in Lockerbie
£300 for Michael in Stirlingshire
£500 for Chanelle in Bradford
£200 for Bartosz in Yeovil
£200 for Natalie in Lincolnshire
£1000 for Rashid in Manchester
£350 for Danielle in Bradford

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How it Works

We know you need your money as soon as possible. That’s why we do everything we can to make the process fast and simple.

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Fill out our short, secure form and search our industry-leading panel of lenders to find your loan.

Check Your Offer

Once you have your offer from the lender, you can review the offer and get your cash.

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Your money can often be paid into your account within just 10 minutes.*

More questions? We've got you covered

The accrued interest is the total interest that has been added to your debt so far. This is typically up to the date of your last payment and will update every time you make payment.

If you have debts that are less than £5000 that you can’t afford to pay, then the county court (the court that issues county court judgements – CCJs) take a single payment from you and splits it between your creditors. This stops creditors taking further action and avoids any additional interest being accrued.

The Annual Equivalent Rate (AER) tells you the amount of interest you will earn on savings over a year. The higher the AER, the more interest your savings will make you.

The Annual Percentage Rate (APR) tells you how much interest you would pay on a loan or debt over a year. All lenders are required to display the APR rate on advertisements, and it must also include any additional fees or charges. Generally, lower APR means a less expensive loan.

As soon as you miss a payment on an account, the account is in arrears. All overdue money is in arrears.

A court issues an attachment of earnings order. They instruct your employer to deduct an amount directly from your wages to pay off a debt. They send the amount to the court, which pays it to the lender.

This is the interest rate set by the Bank of England.

Lenders use your credit rating to assess how big of a risk lending you money is. A good credit score means you have been paying your way regularly, whereas a poor credit rating is usually due to missed payments or defaulted debts.

These are the agencies that hold all the information about your credit history, including your credit rating. Lenders use these agencies to perform a credit check on you.

People typically go bankrupt when they can’t afford to pay off their debts. A creditor can also make you go bankrupt. Personal bankruptcy can involve your assets being sold to pay off your outstanding debts.

FCA stands for the Financial Conduct Authority. They regulate all legitimate lenders.

This is the document that details out the terms of the loan. When you and the lender both sign it you are making a promise to each other. The lender will provide you with the money, and you will repay it according to the terms of the agreement.

An unsecured loan is not secured against a specific asset. While these loans are unsecured, a lender can still take legal action against you if you fail to repay the amount borrowed.

Hopefully, these definitions will help you to navigate financial websites with a little more ease. If there are any words or terms you’re unsure about, please don’t hesitate to ask, we’re always happy to help.

How it Works

We know you need your money as soon as possible. That’s why we do everything we can to make the process fast and simple.

Apply Online

Fill out our short, secure form and search our industry-leading panel of lenders to find your loan.

Check Your Offer

Once you have your offer from the lender, you can review the offer and get your cash.

Get Your Money

Your money can often be paid into your account within just 10 minutes.*