Saturday 14 September 2019

Polar Credit - a new solution for credit needs

Whilst in an ideal world we'd all have enough money to live comfortably and not have money woes or debts, unfortunately many people across the country struggle financially and the reality is that many people have to borrow money. Whether money doesn't stretch far enough between pay days or unexpected financial costs arise causing strained financial problems it is now common for people to use credit cards, overdrafts and even payday loans.

But what is the best way for you to borrow money? If you're looking for a cash injection to help with your financial worries how about a brand new way to access money?

Polar Credit is a new reliable direct lender created to help people with their ongoing credit needs thanks to their simple way of accessing revolving credit. 

Bridging the gap between mainstream finance and high interest payday lending, Polar Credit aims to help responsible borrowers progress to lower cost credit and rebuilding their credit rating. 

Created using the best aspects of all other money borrowing options such as quick and easy application process, fair interest rate and ability to access cash as and when they want, Polar Credit provide customers with access to credit in an easy, fast, reliable and transparent way. 

How it works 
1. Apply online
Complete the straightforward online application form.
2. Choose
Apply for a credit limit that works for you and, if approved, use it as and when you need to. If you don’t use it, you don’t pay for it.
3. Transfer
Transfer money to your nominated bank account when you need it. You can transfer any amount over £25 (accessing more cash as and when you need it) as long as you make your payments on time and stay within your credit limit. 
4. Repay
The credit line is paid back via monthly repayments. The repayments are flexible and tailored to an individual’s current financial circumstances to help fit your needs and your budget. Pay the minimum amount one month, repay more next month or repay your full balance at any time that you want. 

There are no early settlement fees and you can continue to make further transfers into your bank account at any time as long as you remain in your credit limit and comply with the terms of your credit agreement. Interest is only paid on the amount of money taken from the credit limit, not on the total credit limit approved.

Benefits of Polar Credit
* Access to funds on demand
* Can be faster to open a credit line account than a credit card account
* Significantly lower interest rates when compared to payday loans
* More flexible repayment options than short term loans
* No guarantor required
* Flexibility to borrow only the money you need, when you need it
* Interest only accrues on the amount that is borrowed, not the full credit limit
* Can help you rebuild your credit score if used appropriately
* Helpful for short term money shortfalls
* Provides access to small sums of money (from £25)

If you are struggling with debts contact StepChange for free, impartial advice.

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