Loans for People on Benefits

We are here to help people who are looking for a loan on benefits. Cockle Finance has been operating as a direct lender for decades. This means that we know a thing or two about lending money to our customers. Our loan options for people on benefits means it is possible to get a loan even if you are on benefits. Our application process is simple. Customers get a straightforward loan with a friendly and professional service.

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Obtain Loans on Benefits With Cockle Finance

Being on benefits for part or even all of your household income does not mean that you cannot borrow money in an affordable way to meet one-off costs or to spread the cost of expenditure. If you are in receipt of universal credit, for example, then your monthly payment can be used, in part, to service a loan from Cockle Finance. Perhaps you need money to repair a household appliance or require some finance to help you through an expensive period of the year? Whatever your reason for borrowing money, Cockle Finance is here to help throughout Essex.

Indeed, over the many years we have been trading, the team at Cockle Finance has built up an enviable reputation for providing much-needed finance in the local community. With us, you can obtain a doorstep loan in many of the towns in the county whereby one of our agents will arrange your loan for you in person and then call every week to receive your regular repayment instalments. With affordable and flexible loans available online that are designed to suit all lifestyles, including people who rely on their benefits payments for their main income, you won’t need to turn to some of the other lenders around who tend to turn down requests for loans on benefits alone.

What Is Involved With Loans on Benefits?

Essentially, a loan when you are on benefits is just like any other sort of financing arrangement. You will be offered a loan sum which, in the case of our handy doorstep loans, can be supplied in the form of cash, if wanted. We will only provide you with the money once we have looked into your finances to make sure that the agreed repayments will be affordable to you given your income.

You can use our loans for whatever you like. Furthermore, we can look into different loan terms – that’s the length of time you will take to fully repay your loan – so that the instalments can be spread out or packed together as you see fit. We’ll need to run a credit check on you to work out what rate of interest the loan will be charged at since this will factor in the calculation. That said, our extensive experience of the borrowing market in Essex means that people who have poor credit histories can often still qualify for one of our loans, whether they are currently in receipt of state benefits or not.

Why Choose Cockle Finance For a Loan If You Are on Benefits?

As proud members of the Consumer Credit Association, Cockle Finance has a track record of providing loans on benefits to cover a wide range of purposes throughout Essex. Our professionally run team of agents know how to deal with the particular set of financial circumstances people who receive benefits may have. That’s just one of the reasons why we are such a respected and award-winning company. If you would like to know more, then call us today or fill in our contact form.

Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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     EXCELLENT  
     Based on 119 reviews 
    
 
 
   
 
 
        
   mark chalklin 
 2024-02-01
 
 
  Excellent service and fast payout all in all an excellent company
  
 
       
   Vicky Clayden 
 2024-01-04
 
 
  Great communication, always fair great family run business never had a problem with them easy and simple with getting a loan out very polite on the phone always there to help out
  
 
       
   Emillie Barnes 
 2023-12-06
 
 
  Friendly helpful team, quick to process too.
  
 
       
   Samantha Mcwalter 
 2023-12-01
 
 
  Very polite And very helpful all the time very understanding I recommend these to anyone there really good
  
 
       
   Steven Ridgewell 
 2023-12-01
 
 
  Really good customer service fast and very friendly
  
 
       
   Jo Jordan 
 2023-12-01
 
 
  I have been with this company for a few years they are very well organised staff are very polite they are very understanding and they deal with loan applications very quick the process is very quick and easy top stars to u cockle
  
 
       
   brandon jefferson 
 2023-11-30
 
 
  Great family run business I have been dealing with them years.
  
 
       
   Teleah Cyrus 
 2023-11-30
 
 
  I'm very pleased about the service given to me very understanding

Frequently Asked Questions

1. Can I get a loan if I am on benefits?

Yes, at Cockle Finance, we offer loans for people on benefits. We understand that being on benefits doesn’t mean you shouldn’t have access to financial support when you need it. Our loans are designed to be affordable, even for those who rely on benefits as their main source of income. Whether you need a small loan to cover an emergency or to spread out a larger expense, we can help.

2. What types of loans are available for people on benefits?

We provide a variety of loan options, including payday loans on benefits, short-term loans, and doorstep loans. As a direct lender, we specialise in offering flexible loans to suit different financial situations. You can apply for a loan on benefits online or over the phone, and our friendly team will guide you through the process.

3. How do I apply for a loan if I'm on benefits?

Applying for a loan on benefits with Cockle Finance is straightforward. You can apply online, by phone, or in person if you’re in Essex. We’ll ask for some basic details about your financial situation, including your benefit payments, to assess what loan options are available. The application process is quick, and we aim to provide a decision as soon as possible.

4. Can I get a loan if I have bad credit and receive benefits?

Yes, Cockle Finance offers loans for people on benefits even if you have bad credit. We know that many people face challenges with their credit scores, but that shouldn’t stop you from getting the support you need. As a direct lender, we assess your ability to repay the loan based on your income, including benefits, rather than just your credit score.

5. How quickly can I get a loan if I am on benefits?

At Cockle Finance, we aim to provide fast financial solutions, including instant loans for people on benefits. Once your application is approved, we can transfer the funds directly to your bank account or arrange a doorstep loan where cash is delivered in person. The entire process is designed to be as quick and efficient as possible, allowing you to access the money when you need it.

6. Do you offer payday loans for people on benefits?

Yes, we offer payday loans for people on benefits. These are short-term loans designed to cover immediate financial needs until your next benefit payment. Whether you need help with an unexpected bill or a temporary shortfall in funds, our payday cash loans for people on benefits can provide a fast, reliable solution.

7. Are loans for people on benefits more expensive?

Not necessarily. The cost of the loan depends on factors such as the amount borrowed, the loan term, and your financial circumstances. At Cockle Finance, we work hard to offer affordable loans for people on benefits, with clear and competitive terms. We tailor repayment plans to suit your situation, helping you manage your finances responsibly without taking on unaffordable debt.

8. What are the repayment terms for loans on benefits?

Our loans for people on benefits come with flexible repayment options. You can choose weekly, fortnightly, or monthly repayments, depending on your financial situation. We’ll work with you to set up a manageable repayment schedule, ensuring that the loan is affordable given your benefit payments and other income.

9. Will I need a guarantor for a loan on benefits?

No, you do not need a guarantor to apply for a loan with Cockle Finance. We specialise in direct lender loans for people on benefits, so your application will be assessed based on your ability to repay the loan. We do not require you to provide additional security or a guarantor.

10. Why should I choose Cockle Finance for a loan if I am on benefits?

At Cockle Finance, we have decades of experience providing loans for people on benefits in the UK. Our team understands the financial challenges faced by those who rely on benefits, and we work hard to provide flexible, affordable loans with a simple application process. As a trusted direct lender, we offer personalised service and support to ensure that you get the financial help you need, when you need it.

Loans If You Are On Benefits