No Credit Check Loans- An Opportunity To Improve Your Credit Rating!
Introduction:
Introduction:
Usually when you apply for a loan, the lender checks the credit rating of the borrower. For a person with bad reputation, it is hard to get a loan. No credit check loans offer you the facility to get a loan without your past credit history. These are useful to fulfill your urgent needs.
Meaning:
These advances are specially meant for people with bad credit. They are both secured and unsecured. These finances can be used to make various payments. In secured loans, you have to provide a security. And in case of unsecured loans, there is no need to place any guarantee.
Need of the loan:
These advances are useful to pay:
Debts,
Education,
Home renovation,
Marriage purposes, and
Any of your personal needs.
Amount and repayment period.
You are offered an amount ranging from 80 to 1500 for a period of 1- 30 days. This period can also be extended. The lender will however charge you an additional fee every time the period is extended.
The benefits are:
Poor credit raters can also apply for this facility.
Online facilities are available.
You have various websites which can give you the details of this facility.
It is available fast.
The faults are:
The rate of interest charged is high.
If payments not made on regular intervals, you will have to pay charges.
Eligibility criteria:
The applicant wanting to apply:
Should be an adult i.e. 18 years and above.
Should be a citizen of UK.
Should have a regular and permanent source of income.
Should have a valid bank account.
Online benefits:
You do not have to wait for hours to get a loan. No need to waste time and energy. There are online facilities also available. You have to fill the form. There is no need of documentation. The procedure is very simple.