Everybody is passionate about driving a car that they love. However dreams are not for free. Everything in this world has a price tag. And if you have a bad credit score along, you normally tend to have lost hopes. But you do not have to worry any longer as bad credit car loans are here to fulfill your dream. These advances grant financial assistance to all those suffering from a poor credit history.
So you can easily drive out your poor credit situation if you make repayments on time, it will help you stabilize your credit score.
These advances are Secured as well as Unsecured in nature. It all depends on the category you wish to apply for. You have to place security if you avail the secured from of credit. Therefore you are not charged a high rate of interest. On the other hand the unsecured form of credit does not ask for any collateral. The lenders risk in dealing with you is more here and therefore this form carries a high rate of interest.
With these loans you get an amount ranging from 2000 to 50000. This is for a term of 1-5 years. You have a considerably good time for repayment.
Having an unsecured business loans bad credit, you got to assure the lender that you will fulfill your obligation of repayment by the due date. In the long run you will realize that you have improved your credit score as well by making repayment on time.
Eligibility-
You must be a citizen of UK, You must be an adult, i.e. at least 18 years of age, you have to be an employee of a recognized company, and you must possess a bank account in your name that is active.
You can also use another mode of application, i.e. the online medium.