Not everyone earns a regular PAYE income. You might be self-employed, a contractor, or you could work in a seasonal business and earn all of your income during just six months of the year. This makes it hard for some lenders to assess risk when you apply for a loan
In many cases, a particular need has arisen in which short term finance will be required. Where such circumstances involve the impending sale of property, Premium Finance may be able to help you obtain short term funds really quickly. For example, if you are a property investor and need money now while another property is pending sale, we can help provide interim funding.
It’s not unusual for borrowers to end up with debt across different loans and then find themselves struggling to pay it all off. People caught up in this situation often think that if they just keep peddling harder they’ll come out the other side. Some do – but others don’t, they fall even further behind.