Unsecured Bad Credit Loans - A Credit Perfectly Designed For You
You are stuck in the midst of so many expenses
. At the same time you have a poor financial status so finding a suitable lender becomes difficult. In addition you do not have any property or rather do not want to risk your property. You have one solution, unsecured bad credit loans. They are an answer to your needs. Like a perfect loan designed for you.
As the name states Unsecured bad credit loans are unsecured in nature. This means that you do not have to place any security against the loan amount. There is no fear of losing your security. But you have to pay a high rate of interest because the lenders risk in dealing with you is not safe guarded and secondly you have a tag of a bad credit holder which increases his risk.
You can offer finance ranging from 200 to 25000. You have a long time to repay the funds borrowed i.e. 1- 10 years. This form of credit can be used to pay off all your payments, pending bills, purchase a house, car, educational reasons and the end you improver your credit rating.
Tenants and non- homeowners can also apply for these advances.
In order to be eligible you need to be eligible-
You should be a citizen of UK.
You should attain majority in age, i.e. 18 years of age
You should be employed with a regular income of at least 1000
You must have a valid bank account.
You can also apply for unsecured bad credit loans through the online mode. It is a very convenient way of applying. More over you have so many options right in front of you. This helps in avoiding long queues and heavy documentation. Access the internet to compare the dissimilar interest rates charged by the different lenders.