This trend setting short term lender offers clear and transparent terms and is safe, secure and discreet, helping to improve customer satisfaction, announces Moneyboat

London, UK -- (SBWIRE) -- 01/05/2016 -- Moneyboat (moneyboat.co.uk), a payday uk company offering short term loans, announces they have now clocked 200 positive reviews, a notable achievement in an industry that has unfairly earned a bad reputation. This trend setting short term direct lender employs a friendly, discreet and polite customer service crew and provides clear and transparent terms. Clients know this company will be safe, secure and discreet when lending money to those in need.

"Moneyboat wants to ensure their loans are affordable and responsible and works to ensure clients understand exactly what they are doing and what they will be paying when obtaining a loan of this type. Many lenders have adjustable rates or charge upfront fees for processing the loan. This is not the case when a consumer works with Moneyboat. Interest is 0.7 percent per day and is calculated on any outstanding capital balance. In addition, there are no processing fees for the loan or upfront fees for same day payment," Nick Krauspe, spokesperson for Moneyboat.co.uk, explains.

One way many consumers get into trouble is they obtain a second loan while paying off a first. This can lead to money issues, as repayments on the two loans combined don't leave any money for other expenses. Consumers need to understand these loans aren't a long term financial situation.

"Moneyboat only allows a borrower to have one loan at any given time. Second concurrent loans, often referred to as top-up loans, aren't granted. A consumer must pay off their current loan before they become eligible for a new one. This helps to ensure consumers do not get in over their head," Krauspe continues.

Individuals need to develop a budget and stick with it when holiday shopping. As payday loans aren't difficult to obtain, it's easy to borrow money and spend more. Consumers need to stop and think about how much they are actually spending, however, when they go to obtain the loan. For example, Examiner.co.uk looked at the cost of a hoverboard. If an individual pays cash for this item, they pay approximately £300. It they make use of a payday loan to purchase the same item and repay the loan over three months, the cost rises to over £500 with the added interest.

"Is the item really worth it when interest is added? This is the question consumers need to ask when borrowing money to pay for a holiday gift. Many times, the consumer will find the answer is no and look for alternative ways to purchase the item or buy something different. Moneyboat remains committed to providing affordable solutions for consumers who need money fast, and consumers need to ensure they make use of this money responsibly. When both parties work together, everyone wins," Krauspe announces.

About Moneyboat.co.uk
Moneyboat operates as a direct lender, one offering affordable and responsible short term payday loans in the United Kingdom. This company provides a convenient way for responsible borrowers to obtain cash they need when they need it. Clients find the charges and repayments are easy to understand, and the streamlined lending process enables consumers to move on with life quickly. The company strives to offer stress free and convenient access to installment cash loans that suit the needs of customers. To ensure individuals borrow responsibly, Moneyboat informs customers that all applications that are approved are subject to passing through affordability and credit checks.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Individuals find there are no fees, just a flat interest rate of 0.7 percent per day, less than is seen with other lenders in the sector, announces MoneyBoat.co.uk

London, UK -- (SBWIRE) -- 06/17/2015 -- MoneyBoat.co.uk announces the launch of a competitive, short term lending service for residents of the United Kingdom, with the goal being to right the wrongs of an industry that has gone off the rails. The lender remains customer oriented and employs a friendly and discreet customer service crew to assist clients with every transaction. The flat interest rate of 0.7 percent per day is 0.1 percent less than seen with a lot of other lenders in the market. In addition, it comes in less than the FCA interest rate cap.

"Individuals in need of short term payday loans in the UK find the service to be safe, secure and discreet. They appreciate working with a responsible lender, one with affordable rates, It's a nice change for those who have used payday lenders in the past only to find their financial difficulties increased rather than decreased with the loan," Nick Krauspe, spokesperson for Money Boat, states

According to ConsumersAffairs.org.uk, the payday loan continues to thrive in the United Kingdom, with more than 2.1 million consumers taking out a payday loan in 2012. Interest rates vary greatly by lender, thus consumers need to take care to ensure they are getting the best deal available. Many borrowers fail to realize that rolling over a loan for a six month period could lead to the consumer paying £660 on a £300 loan.

"One needs to take care to ensure they are obtaining the best rate possible. In addition, one needs to find a reputable lender, one who makes potential borrowers undergo affordability and credit checks. Lenders shouldn't take advantage of consumers when they are down on their luck, yet many do. Money Boat wishes to change this and help those most in need while still treating them fairly," Krauspe continues.

Lenders are required to visibly share the annual percentage rate of their loans, yet many consumers don't see how much the loan will actually cost them. The industry continues to benefit from this and rake in huge amounts of cash. Many in the country believe this industry is now out of control.

"Money Boat (www.moneyboat.co.uk) wishes to show consumers they do have options when it comes to borrowing money for the short term. One doesn't need to pay extremely high interest rates. Turn to this provider for assistance if you need cash until your next payday. We will assist you however we can to get you the money you need, on flexible and transparent terms that suit your circumstances," Krauspe announces.

About MoneyBoat.co.uk
MoneyBoat.co.uk provides affordable and responsible short term payday loans, providing a convenient way for individuals to stay afloat when cash flow problems arise. The easy to understand payments and charges together with the streamlined process benefit consumers, and the company strives to provide convenient and stress free access to instalment cash loans that meet the needs of the client. As a responsible lender, Money Boat requires all approved applications pass the credit and affordability checks.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm