Swift Sterling
If you’ve searched for Swift Sterling, there’s a good chance you’re looking for a loan. Maybe you used them in the past and were hoping to apply again. Unfortunately, Swift Sterling are no longer trading, but Little Loans could help you search for a loan instead.
Why choose Little Loans as your Swift Sterling alternative?
- Little Loans is a credit broker, not a lender.
- The lenders on our panel offer short-term personal loans from £100 to £10,000.
- Repayment terms between 3 and 60 months, depending on how much you apply to borrow.
- We, and all the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).
- No fees.
- No-obligation quotes.
- Straightforward online form that should take less than five minutes to complete.
- All credit scores welcome to check their eligibility.
Who was Swift Sterling?
Swift Sterling was a trading name of MMP Financial Limited. They offered short-term personal loans between £200 to £1,000, which could be repaid across terms from one to five months, with an advertised APR Representative of 1296%.
MMP Financial Limited were authorised and regulated by the FCA.
What happened to Swift Sterling?
In December 2019, MMP Financial Limited went into administration, with Grant Thornton as appointed administrator.
At the time, the firm stated that any existing loans were expected to be repaid as normal, and would remain subject to pre-agreed terms and conditions.
Can I still get a loan with Swift Sterling?
As Swift Sterling have ceased trading, it’s no longer possible to apply for a loan with them.
If you’re looking for a short-term personal loan between £100 and £10,000, Little Loans could help you find a suitable match.
Who can search for a loan with Little Loans?
You can use Little Loans to search for a loan if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account; and
- Have a regular source of income paid directly into your bank account.
I have bad credit – what are my chances of getting a loan?
Being approved for a loan when you have bad credit history can be difficult; however,
a number of the lenders on the Little Loans panel specialise in loans for people with poor credit.
Good to know: It’s important to remember that bad credit loans are likely to come with higher interest rates, so be sure to consider this before making any commitment. Are you sure you could afford the monthly repayments without this affecting your essential outgoings, such as mortgage or rent, food, and utilities? You should always think very carefully before applying for any credit product and should never borrow more money than you need or can afford to repay.
How does the Little Loans process work?
Little Loans is a credit broker, not a lender. We’re more than happy to tell you all about how our service works.
- Complete our online form. You’ll be asked how much money you need to borrow and for how long.
- In just 60 seconds, we’ll run a soft search with no impact to your credit score and present your application to our panel of lenders.
- If we find you a suitable loan, you’ll be redirected to the lender’s website, where you can learn more about the loan and decide whether you’d like to go ahead and make a full application.
- Proceeding with a full application will mean that you’ll undergo some further checks with the lender, including a hard credit search.*
- If the lender is happy with the outcome of their checks, you’ll be sent a loan agreement. Make sure you take the time to carefully read through the terms and conditions.
*Good to know: Hard searches will remain on your credit file for up to 12 months, and too many hard searches in a short space of time could have a negative impact on your credit score.
I need money now - how quickly will my funds be sent?
We understand that there are times when you need to access money quickly to cover an unexpected emergency. However, you should always take time to carefully think through your options before applying for any credit product.
Payout timeframes vary from lender to lender. Some of the lenders on our panel can send your money the same day your application is approved, although the time it takes for the funds to appear in your account will depend on your bank’s policies and procedures, such as if they accept Faster Payments.
I’m struggling to manage my repayments; what can I do?
If you’ve taken out a loan that you’re struggling to repay, please contact your lender as soon as you can. We understand that this can feel really daunting, but they are not there to judge you, and will instead want to work with you to discuss the situation and any options that might be available.
Where can I access money advice?
You can find free, impartial money and debt management advice on sites such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.
Talking about money can feel awkward but remember that reaching out and asking for help is the first step towards taking back control and regaining your financial confidence.
This article is from June 2024; all information was correct at the time of writing.
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Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender