If you have poor financial status, then getting an advance approved will be difficult. Do not be worried if it is so. Bad credit loans can help you. They are finances in which you do not have to prove your financial status. You can avail them by placing collateral and by not placing collateral. They are accessible to you without any hassles.
The amount in this finance can be used for any purpose you want to. It can be for going on a vacation, for buying a new car or house, for renovation of your house, for settling various debts and so on.
You can simply apply for bad credit loans through the online mode by just filling in the application form with the relevant details. The details are checked by the lender and then he will approve your application. The amount after that will be transferred into your account.
The main feature of this finance is that they are available in the secured and the unsecured form. Thus, they are obtainable to tenants and homeowners. You can avail it even though you have poor financial status.
They are available in 2 forms. The first form is the secured form, where you have to place security and the unsecured form where you do not have to worry about security. You can fetch an amount extending from 200 to 25000 and has to be repaid within 1 to 25 years.
The candidate is required to meet the eligibility conditions for availing this finance. These conditions are that the candidate should above 18, he/she should maintain a valid bank account, he/she should be a citizen of UK and he/she should be regularly employed.