Loans for People with Poor Credit - Candle in Darkness
Expenses are a part of life
Expenses are a part of life. If dealt with properly then life becomes easy. But if you fail to utilize it in a proper manner then it back fires at you. In other words, if you fail to repay the funds you have borrowed in time you are tagged as a bad credit holder. Lenders usually give you an eye of suspicion. But this is not the end. You can apply for loans for people with poor credit.
These advances are initiated to help you face your financial crises. You can easily pay off your debts by availing this finance. This form of credit offers you an amount ranging from 200 to 25000 for a period of 1- 10 years.
They are of secured and unsecured nature.
Secured advance- you have to place collateral against the credit amount borrowed. They carry a low rate of interest. However if you fail to repay the finance then the lender will take charge of your security and recover the amount of the funds you have borrowed. Unsecured advance- this form of credit does not demand any collateral. This means that you can borrow funds without pledging any security. Therefore they carry a high rate of interest as the lenders risk is not backed by any collateral.
Eligibility conditions:
You must be a citizen of UK.
You must be above 18 years of age.
You must be employed with a regular income.
You must have a valid bank account.
As you have a poor credit score you must be able to prove your repaying ability to the lender. You can also avail this form of fiscal assistance through the online ode. All you need to do is fill an online application form giving all the important details. The lender will verify your data. This medium of application is much more convenient than the traditional mode. It saves time and energy. Moreover you do not have to stand n long queues.
Loans for People with Poor Credit - Candle in Darkness