Representative APR \u2013 1,281.8%<\/li>\n<\/ul>\n247Moneybox Customer Support<\/h2>\n
If online reviews are anything to go by, 247moneybox support team has a lot of improvements to make. There are lots of accusations about their being rude and unhelpful and also about long delays on hold.<\/p>\n
Is it safe to borrow from 247Moneybox?<\/h2>\n
Yes. There are a number of reasons why it is safe to borrow from this lender. First, it is regulated and authorized by a number of authorities including top-tier financial authority, FCA. This makes it a reliable platform as it has to adhere to the strict requirements for operations set out by the regulator.<\/p>\n
A second reason is that the lender consciously strives to practice responsible lending. To illustrate, they do not offer loan extensions, though these are considered almost standard in short-term financing.<\/p>\n
However, online reviews about the lender are far from positive. Besides the tons of complaints regarding poor customer service, there are also complaints about approved loans that do not reflect in users\u2019 accounts.<\/p>\n
It might be wise to perform extensive research before borrowing a loan from this platform.<\/p>\n
247Moneybox Review Verdict<\/h2>\n
247moneybox is a reliable and reputable online lender with a focus on responsible lending. Unlike many short-term lenders, this one does not offer loan extensions or top-ups, and is also transparent on borrowing costs and fees.<\/p>\n
They specialize in providing payday loans and also differ from the majority in that they charge a daily interest rate rather than a monthly one. The lender undertakes a comprehensive assessment of eligibility before approving loans and this may cause delays in the approval and funds transfer process.<\/p>\n
On the website, you will find an extensive FAQ section that answers most of the concerns you may have about the service. Being a regulated platform, they operate under the strict regulations of the FCA and other bodies.<\/p>\n
However, their reputation according to customer reviews is poor, especially with regards to customer support. They are also relatively costlier than the average short-term lender and have strict eligibility criteria.<\/p>\n
Since they carry out credit checks, applying for a loan here can affect your credit score. And your repayment is reported to credit agencies, which can be beneficial or disadvantageous depending on your payment habits.<\/p>\n
All in all, it is a reliable choice of platform but should only be considered as a last resort if there are no other options.<\/p>\n
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Try Our Recommended UK Payday Loan Provider 2020:<\/p>\n <\/div>\n
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![\"247](\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/08\/247moneybox.png\")
When you find yourself in urgent need of cash, and you have no credit at all, short-term lenders like 247money box may come to mind.<\/p>\n