Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Cash Converter Loans Alternative

    Loans from £100 to £10,000

    • 3 months to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

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

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 3 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 3 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

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

    Loans from £100 to £10,000

    • 3 months to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 97% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 

    05041905

    Company Name:

    Cash Converters Franchises are acting as credit brokers on behalf of Elevate Credit International Limited, trading as Sunny.co.uk

    Date firm started up business:

    12 February 2004

    Type of Business: 

    64921 – Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

    Cash Converter offers the following:

    £100 to £1000 

    Related brands:

    Sunny.co.uk

     

     

     Loan term length:

    1 month to 6 months

     

    Previous Business Names:

    THINK FINANCE (UK) LTD  

    23 Apr 2012 – 02 Sep 2014

    FORTRESS GROUP (UK) LTD  

    11 May 2009 – 23 Apr 2012

    OASIS FINANCIAL SERVICES LIMITED  

    12 Feb 2004 – 11 May 2009

    Head Office Address:
    27/28 Eastcastle Street,
    London,
    W1W 8DH

    FCA Status: Authorised

    Elevate Credit International Limited is regulated and authorised by the FCA (Financial Conduct Authority)

    Payout Time:

    You will receive your loan within 15 minutes of being approved.

    Cash Converter Review

     

    Cash Converter Loans are acting as a loan broker on behalf of Elevate credit, who trade as Sunny.

    Cash Converters offer a whole range of the following services:

    Logbook money: This is when your loan is secured against your car for the term you have your credit agreement. You will transfer your car over using the logbook until your loan has been fully paid. At this point you will receive it back into your name. This kind of loan is ideal for people with bad credit history.

    Personal Loans: are through sunny.co.uk, who is a short term loan company offering loans between £100 and £1000 with a repayment term of up to 6 months.

    Layby: Layby on products in their store is where you can pay the product(s) off over monthly or weekly terms before you receive it. After the full amount has been paid you will be able to collect the item you have reserved. They offer this over most of their products including games consoles, laptops, TVs, phones, PCs and a whole range of other electrical items.

    Pawnbroking: If you need to earn some money and don’t wish to take a loan through Cash Converters, then another option you have is to take your unwanted items such as jewellery or electrical items and pawn them. You will receive cash for the item. You may not have too much time to be able to buy the item back, resulting in it potentially being sold by the shop.

    How the company works

    To apply for a personal loan with Cash Converters, all you need to do is visit their website and click the apply now button. This will redirect you to the Sunny website, who Cash Converters are the licenced loan brokers for.

    Once you are on the Sunny website, you can use the slider bars to select the amount you wish to borrow and also the term you wish to borrow over. You can then fill out their short application form answering all of the relevant questions.

    You will receive a decision about your loan instantly and will receive your funds within 15 minutes of returning your signed credit agreement (if approved).

    If you are interested in using any of Cash Converters other services then you can visit them at one of their stores to make use of their services.

     

    Repayment method:

    Repayment for your loan and logbook money is done by continuous payment authority (CPA) where the payment is taken directly from the bank card you used to verify your identity.

    If you wish to use another method such as online payment then you are able to cancel the CPA by contacting Cash Converters directly.

    Repayment for pawnbroking or layby is done by cash in one of their stores.

    Do I need a bank account?

    As Sunny is an online loan provider then you will need a bank account to be able to apply. Sunny will use your bank account for verifying your identity, funding your loans and also for collecting your repayments.

    You must also have a debit card attached to the same bank account.

    To use most of Cash Converters other services, you will not need a bank account as the majority of the other options can be managed in-store, using cash.

    To be eligible to apply for a loan you must fit the following criteria:

     

    Age

    To use all of Cash Converter’s services, the minimum age is 18 years of age.

     

    Address information

    You will need to be a UK resident for all of Cash Converter’s services. If you are applying for a loan then you may be asked for information on your previous address going back approximately 3 years.

    This is so that your identity can be verified and all of the credit checks can be ran.

     

    ID and Income

    If you are not working then you will need to meet the minimum income threshold and pass the affordability checks to be accepted for a personal loan.

    During your application for the loan, you will be asked to complete an expenditure form with all of the information about your monthly income and outgoings.

    On the outgoings section, you can provide information on regular bills you have such as utility bills, credit cards, child care payments, grocery bills and any other monthly bills you may have.

     

    Penalties

    Sunny doesn’t charge any late repayment fees and is always there to assist you with getting your finances back on track. If you can’t make your repayments then just give them a call and talk to them. They may have a solution and be able to help.

    If you can make payments on any items you have secured at one of the Cash Converter stores, go and talk to them as they may be able to extend your payment plan.

    Missing payments on the logbook money could result in you having your car repossessed.

     

    ID and Income

    Once you have filled out your application, you will only need to provide proof of ID and income if it is requested. Under some circumstances, it will not be required.

    Reviews

    Cash Converter has an average score on TrustPilot of 3.5 stars over 5.

    There are mixed reviews on there about their customer services at different stores and reviews are mainly about the pawn services they offer.

    There aren’t any reviews on there so far about the personal loan services they offer.