Egg Loans - Fast Reliable Credit at the Touch of a Button

2007-03-08 10:33:40

( Financial )



Egg Card UK is a purely online bank originally created by financial giant Prudential for the purpose of providing loans, credit card, savings and insurance services. It is one of various online credit companies which enable the customer to apply for financial services without having to leave his home.

The Egg Credit Application Process

It takes only a few minutes to apply online for Egg loans or Egg Cards, as long as you have sufficient information about yourself regarding your personal accounts and assets to prove your own ability to pay.

Egg then uses the information to conduct a credit verification process through credit reference agencies. The data that you have provided Egg will be stored by these agencies and shared with other financial instutitions. This is a very strictly monitored procedure so that you don't need to worry about your personal information falling into the wrong hands. Egg verifies your identity, as well as that of your spouse or partner, and also undertakes anti-fraud and anti-laundering checks.

Through a scoring method, Egg assesses your information and, within thirty minutes, can make a decision on whether or not you can be granted the credit facility. After your credit application is approved, you will receive a notice to activate your Egg account and be issued an Egg Card. With the Egg Card, you can now make online cash advances, balance transfers or purchases.

Egg also conducts periodic statistical analysis to assure accuracy of transactions. From time to time, Egg can disclose details of your Egg account information to other credit reference agencies, especially when you do not repay your loans on time. This is done only for account management purposes and never as intention to blacklist anyone.

Comments About Egg Loans

Egg is perhaps one of the most credible and fast sources of financing that you can find online. Happy clients have commended on the fact that Egg can make decisions in about half an hour depending of course on the completeness and accuracy information given by the applicant.

Probably the best feature about Egg loans is the flexible loan repayment scheme. You can accelerate your loan payments or even make early repayments without incurring any penalties. There are also no hidden fees as long as you can pay earlier or on time. You also have the option of taking on additional insurance coverage for added protection against accidents, sickness, unemployment or other fortuitous situations that may affect your financial health.

However, Egg's loan rates may not be the cheapest compared to its competitors. Some clients may be Internet-phobic or not willing to divulge their personal data online, although Egg assures that this is an unfounded concern.


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