Tide U Over (TideUover.com) is a broker rather than a lender. This means that they can connect you with a wide selection of direct lenders to give you a better chance of finding a solution to meet your needs. They can help you get your finances under control in an emergency when you need money right away but are still waiting for your next payday.
APPLICATION REQUIREMENTS:
As a broker, TideUOver can cater to many different needs, meaning that their applicant requirements are quite diverse. Most direct lenders require that you are a UK citizen in permanent employment with an active UK bank account and a valid debit card to repay the payday loan. TideUover practice responsible lending. This means that they will not permit you to borrow money that you would find difficult to pay back.
LOAN AMOUNT AND CHARGES:
Their simple-to-use, on site, loan calculator will help you decide how much cash you need, ranging from £100 all the way up to £500. How much you can borrow depends on how much you can reasonably pay back by your next payday. Unlike a bank or conventional financial institution, TideUover is a direct lender. What this means is that they can provide an instant payout. If you were to borrow £200 for 28 days, the interest and fees would be £61, so you would repay a total of £261. The interest rate is calculated at an APR of 1734%.
They invite new customers to watch a short video on their site that explains how a loan based on an APR of 1734% is calculated. APR is an abbreviation for Annual Percentage Rate. This is the interest rate calculated for a whole year. It is annualised interest, rather than a monthly rate.
PROCESS:
TideUover will lend you money to tide you over until your next payday to help you handle unexpected bills or cope with an emergency. In order to apply, fill in their online application form. It will only take five minutes for a quick decision on whether or not they approve your request for a loan.
PAYMENT:Â
Should you find that you are unable to pay the loan by the due date, they request that you inform them ahead of time. They will strive to be fair and will offer you an alternative payment plan to avoid negatively impacting on your credit score.
Their lending practices do not automatically guarantee a rollover. If you need a rollover, they will consider your request based on your financial situation. They will only allow a rollover once they are fully satisfied that it does not conflict with their responsible lending policy.
