In the United Kingdom, a private loan is considered as a creative financing solution available from a private investor who places his money at the request of a British borrower or a British entrepreneur.
In U.K, the main purpose of the private loan is to assist a British consumer who wishes to obtain a financing agreement without applying for a loan at a British bank.
In the United Kingdom, private financing is mainly for British people who have problems in borrowing money from banks because of their credit score or a lack of source or regular income.
In U.K, a private loan may draw attention to the fact that this special financing may attract many fraudsters who exploit the despair of over-indebted people to extract money from them.
PRIVATE LENDING IN UK