FAQs From 1st Class Loans

What is a Pingtree loan?

Pingtree loans are loan applications which have gone through pingtree software. For more information on Pingtree loans please see our Pingtree loans Page

Will getting a quote affect my credit rating?

We will not conduct a credit search, however, our panel of lenders may need to conduct a soft credit search in order to grant you a loan. You will be advised of this before submitting your application

Are you a direct lender?

No – we are not a direct lender, we are a credit broker.

Can you get me the best rates on my short term loan?

If you are approved we can guarantee you the best rates to your circumstances from a large panel of FCA approved lenders, which is one of the largest panel of lenders in the UK.

Can I get a loan even with very bad credit?

Yes, some of the lenders specialise in bad credit, however, you will pay higher interest on you loan if you have bad credit so please make sure you can afford to pay it back first before taking the loan.

What do I do if I can’t afford the repayments?

Get in contact with the lender and let them know, whatever you do, do not ignore the problem and not pay it, this will damage your credit rating and you could end up with a CCJ.

Why should I choose 1st Class Loans instead of a direct lender?

We believe going through 1st Class loans has a few more benefits, the 2 main benefits our: 1. We can offer you a pingtree loans which gets you the best rates to your circumstance’s from a large panel of lenders. 2. We won’t conduct a credit search, however, our panel of lenders may conduct a soft credit search in order to grant you a loan.