APR or annual percentage rate is a term that is used by lenders to inform he customer the cost of borrowing money. This is also the rate lenders use to advertise their loans.

Credit Broker

A credit broker acts as an intermediary between customers and our panel of lenders. It helps a customer see various different loan options in one place. Credit brokers do not lend money or offer financial advice.

Credit Search

A check carried out on a customer to check their credit worthiness. Financial history will be shown along with other information and previous searches.

Soft Search

This is technology that is used by Money ID to allow customers to see customer rates without it showing on their credit file. Customers will be able to see this on their file but it will not be seen by anyone else.


The lender is who the customer will be entering an agreement for a loan with. Under the loan agreement the customer will pay the lender the loan back over the agreed term with the agreed interest over the agreed time frame.

Loan Term

This is the length in time in which the loan needs to be paid back to the lender.

Unsecured Loan

An unsecured loan is a loan which is given to a customer based on their credit background, income and outgoings and not against an asset such a car or a property.

Guarantor Loan

A guarantor loan is a loan that is backed by someone that you know such as a family member or a friend. The lender will request the guarantor agrees to repay the loan should you default on the agreement.