Loans For Unexpected Household Bills

If you have been faced with a recent household bill, The One Stop Money Shop is here to offer you a friendly hand if you need to borrow a little extra this month.

 

From a high energy bill, council tax or a plumbing problem, we never know when a hefty household bill is going to come through the post and these can be very hard to prepare for.

 

At One Stop, we offer unsecured instalment loans, helping you borrow £400-£2500, repayable over 6 to 24 months, with a fully online application, with same day eligibility and funding available too.

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loans to pay household bills

What Type of Household Bills Do We Offer Loans For?

-Loans for energy bills

-Loans for tax bills

-Loans to pay for council tax

-Loans to pay for household repairs

-Loans to pay for plumbing repairs

-Loans to pay for car repairs

 

Overview of Average Costs in the UK

 

Category Estimated Average Annual Cost (GBP)
Household energy bills (gas + electricity) £1,720–£1,802
Household income tax & National Insurance £10,118 (per adult)
Household council tax £1,223
Household general repair/maintenance £848 (routine) up to £3,000 (full upkeep)
Plumbing repairs £100–£400 (typical £100–£150 for minor job)
Car repairs / maintenance £364 (routine repairs)

Why Use The One Stop Money Shop For Loans For Household Bills?

Trusted – We are fully authorised by the FCA and maintain the highest standards according to the regulator. We have been trading since 2002 and have consistently upheld the best practices for treating customers fairly.

 

Direct lender – We are a direct lender which means that we will process your entire application from start to finish – and we will be your only source of contact through the entire loan journey. There are no other brokers or introducers involved and your loan process will be fully transparent.

 

Flexible repayments – You have several months to repay your loan, with the choice of 6,12, 18 or 24 months depending on how much breathing space you would like. You can always contact us and change the terms of your loan if you would like to make it shorter, make overpayments or repay the entire loan early.

 

Payment upfront – We provide funds upfront, in one lump sum, that can be used to pay for any pressing bills immediately and restore some calmness and order.

Can You Offer Loans To Help Pay My Bills?

Yes, we can offer an immediate cash loan that can be deposited in your bank account and this can be used for any purpose, including paying off any pressing household bills. We have the ability to make same day decisions and transfer funds to your bank account on the same day if your loan is approved by 3:30pm today.

 

Our loans should be used for genuine emergencies and not for unnecessary purchases or spending.

 

It is always important to consider all options and alternatives and using our loans as a long-term solution to pay your household bills is not advised. Other options may involve speaking to suppliers about payment holidays, freezing interest, using 0% options or speaking to community based organisations such as credit unions.

Can You Grant Loans To People With Bad Credit?

Yes, we can offer loans for people with bad credit, on the basis that you meet the main criteria of being employed and earning a regular and stable income.

 

If you are committed to repaying your loan on time each month and your financial position is getting better and not worse, we will certainly consider you for a loan. 

 

We are an unsecured lender and there is no guarantor required. The eligibility of your loan will be based on your income, affordability and ability to repay your loan on time.

How Do Repayments Work For a Loan To Pay Household Bills?

Our loans are repaid in equal monthly instalments for the duration of your loan e.g 6 months, 12 months, 18 months etc

 

This helps you know exactly how much you will be paying each month, because the amount doesn’t change. The repayment date is scheduled on a date that you choose, which is often when people get paid from work (such as the 25th of the month or the last working day), or just the day after, so at least you have money in your account available for collection.

 

You also have the option to make repayment early and clear your accounts at any point and you may save on the overall interest charged.

 

Representative Example: £500 loan repayable over 12 months £81.25 per month total amount payable £975.00. Representative 295.60% APR fixed

What Is The Criteria For Loan To Pay Your Bills?

To apply for a CCJ loan, you need to meet the following criteria:

  • Age: You must be over 25 years old.

  • Residency: You should be a full-time resident of the UK

  • Employment: You need to be employed either full-time or part-time

  • Affordability: You must be able to afford the monthly repayments and make repayment on the scheduled date

  • Banking: You must have a valid UK debit account for funds disbursement and repayment collection

  • Contact Information: A working mobile phone number and email address are required for loan verification and communication purposes.

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Complete a quick Online Application in just 5 minutes for instant provisional approval.

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    Quick and Easy Application

  • ccj

    Bad Credit & CCJ loans considered

  • reliable

    Direct, Reliable Lender for over 18 years

  • montly-payments

    Flexible repayment terms

How To Apply For a Loan For Unexpected Household Bills?

 

  • Complete The Application Online

    Our entire process is online and can be completed by desktop, laptop, mobile or tablet 24 hours a day, 7 days a week.

  • Important Information

    We require you to complete some basic details including your name, address, DOB, contact details, income, expenses, the amount you would like to borrow and how long for.

  • Underwriting and Approval

    We review your application and make sure that it is the right fit for you, including the loan amount and rates offered. Whilst a lot of our processes are fast-tracked, we may request a phone call or proof of income and employment to process your loan application further.

  • Loan Agreement and Transferring of Funds

    If your application is approved, we will send you a clear and transparent loan offer with all the necessary terms and conditions. All the information you will receive is electronically sent by email and SMS and can be signed online. Take your time to read it carefully before you sign it. Once you sign the agreement, the money will be sent directly to your bank account, usually within the same day or next business day.

Ready to Apply?

It takes less than 5 minutes, and you’ll get a fast loan decision. If approved, we can usually pay the money into your account the same day*. We’re a direct lender not a broker, so our loans don’t require any security to approve.

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No Obligation. 100% Secure

Frequently Asked Questions

How Fast Can You Transfer Funds?

We can offer same day loans or funding within 24 hours for any loans approved before 3:30pm on a work day.

If you have applied on a weekend, we will do our best to complete your loan as soon as possible and this could be on the next working day.

Are Your Loans Unsecured?

Yes, our loans are unsecured so you do not require any guarantors or security such as vehicles or your home to be eligible. Your eligibility is not based on the value of your assets but rather your income, credit status and affordability.

Do You Run Credit Checks Prior To Approval?

Yes, we will typically run a series of credit checks using Equifax prior to funding and approving a loan.

We are willing to consider customers with bad credit scores but they should have steady employment and regular income in order to make repayments on time and avoid falling into financial difficulty.

Do You Offer Loans With No Credit Checks?

No, we do not offer 12 months without credit checks, we will always run credit checks to ensure that a candidate is suitable for one of our loans.

There are alternatives available where no credit checks are required such as secured loans or logbook loans, which use security but these carry risks if not repaid on time. If you need professional advice or debt help, you can speak to charities such as StepChange or Citizen’s Advice Bureau.

Can You Use Your Loans To Pay Off Other Debts?

Yes, you can use our 12 month loans to consolidate or pay off other debts, such as car repairs or household bills.

We do not encourage using our loans to help pay off other loans since this can create a dependency on using loans and credit to stay on top of debts.

With My Credit Score Impact The Rate That I Am Charged?

Yes, typically those customers with good credit may be able to access lower interest rates and be able to borrow higher amounts.

If you have a bad credit score, the interest you are charged may be a little higher than average to manage our risk.

What Happens If I Cannot Repay My Loan?

If you cannot repay your loan, you will be sent an email and SMS follow up and reminder for payment. Our team will contact you a legal amount of times to recover payment and if delayed, your loan could be subject to late fees, penalties, added interest and a negative impact to your credit score.

If you are having financial difficulty, we encourage you to speak to our team as early as possible so that we can offer assistance.