Unsecured Loans - No Security To Offer
You require cash urgently and are not able to raise it from your friends or family. You also do not have any collateral or no security to offer but dont fret, heres a loan for you, Unsecured Loans is an answer to those people who have nothing to pledge against the monetary aid taken like personal property. This does not mean that a person can escape a default payment because the lender can still reclaim his money through legal procedures. The money available is 1000 to 25000 with a repayment period of 1 to 25 years.
There is credit checks involved in unsecured personal loans but an approval is usually given. So a bad credit history, a CCJ, a person who has declared bankruptcy, anyone can avail the facility. People living as tenants, self employed or even home owners who do not wish to risk there property can also apply. The financial companies offering these services though have certain predefined norms for its customers like:
The applicant should be a UK citizen.
He should be above 18 years.
The applicant should be employed with a fixed regular income.
Lastly, he should have an active bank account fro past six months.
He should also be able to provide a proof of his income and residence.
A bank account is needed as money is credited directly to your bank account and the monthly repayments are debited from your account only. The money can be used for purposes like debt consolidation, major repairs to your home, to purchase a new car, marriage or a vacation and for your business. Since this fiscal aid is offered without any collateral they come with a very high rate of interest. You should also ensure that repayments of instalments are also not delayed as they attract heavy penalty. You can fill forms online and after comparing all the options available choose one tailor made to your requirements. Most of the companies offering such services also ensure that the whole process is totally hassle free with minimum paper work for there customers. They also look into your records to check your ability to repay against the amount required and lend you accordingly but still due to competition in the sector you can have a pretty good deal. Do check the reputation and credibility of the companies you are taking monetary aid from to avoid any problems like hidden charges later.
There is credit checks involved in unsecured personal loans but an approval is usually given. So a bad credit history, a CCJ, a person who has declared bankruptcy, anyone can avail the facility. People living as tenants, self employed or even home owners who do not wish to risk there property can also apply. The financial companies offering these services though have certain predefined norms for its customers like:
The applicant should be a UK citizen.
He should be above 18 years.
The applicant should be employed with a fixed regular income.
Lastly, he should have an active bank account fro past six months.
He should also be able to provide a proof of his income and residence.
A bank account is needed as money is credited directly to your bank account and the monthly repayments are debited from your account only. The money can be used for purposes like debt consolidation, major repairs to your home, to purchase a new car, marriage or a vacation and for your business. Since this fiscal aid is offered without any collateral they come with a very high rate of interest. You should also ensure that repayments of instalments are also not delayed as they attract heavy penalty. You can fill forms online and after comparing all the options available choose one tailor made to your requirements. Most of the companies offering such services also ensure that the whole process is totally hassle free with minimum paper work for there customers. They also look into your records to check your ability to repay against the amount required and lend you accordingly but still due to competition in the sector you can have a pretty good deal. Do check the reputation and credibility of the companies you are taking monetary aid from to avoid any problems like hidden charges later.
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