AA Small Loans

Good:
Excellent customer service throughout your application

Bad:
They may quote you one APR and then put a different one on the loan agreement

Verdict:
Ensure you know you have a perfect credit history as people who think they have good credit have been declined - money is actually provided by The Co-Operative Bank

AA Loans are provided by The Co-Operative Bank and they offer loans for £2,000-£7,450 payable over 1 -7 years. Their rates are similar to other banks and high street lenders. When you click apply from their website, you will be redirected to the The Co-Operative Bank loan application.

You can apply online or over the phone. After filling out their online application form, they will check your details and credit history to make sure you are eligible. They will then contact you with their preliminary decision and arrange for the relevant papers to be sent to your home address. If you use their courier service you will get their paperwork quickly, but it will take up to two working days if you don't. After you have signed and sent back the relevant documents, (you may also need to send additional identification), and everything is confirmed, the money will be in your account within 7 days. An optional CHAPs fee is payable if you want the money within 48 hours.

They only offer loans to people who have good credit so if you have late payments, CCJs or defaults on your credit file, don't apply because you'll get turned down. Even if you have good credit, this doesn't necessarily mean you are going to get accepted. Their application is similar to other high street lenders, but it can take a bit longer to get your money as you have to send documents to them. The AA run quite strict credit checks so it might be difficult to be accepted if your credit history is not in order. If you are successful though, you will receive a fantastic, fast and reliable service. The phone service is also good so if you have any queries you can phone on them on their free number.