subject: Unsecured Loans for Poor Credit Rating - No Security, No Worry! [print this page] In this modern world, everything requires money, isnt it? Unsecured loans for poor credit rating are an advantage for those who have a bad credit score. With the availability of this facility, it becomes easy to find an answer to your question. There is no need for you to go anywhere, as these loans are now easily available!
These advances are provided for those people who have a bad credit and who are in urgent need of cash. They give monetary assistance not only such individuals, but also to those who desire to fulfill their never ending demands. These finances are very helpful to overcome your cash worries.
These advances are required for various purposes like:
For buying a vehicle,
For holidays,
For medical expenses,
For late payments and various other purposes.
Amount and Repayment:
As the name suggests, there is no need to place any security. The borrowers are offered an amount ranging from 1,000 to 25,000. The repayment duration is from 1 to 10 years.
Eligibility criteria:
An applicant:
Should be a citizen of UK.
Should be an adult, i.e., 18 and above years of age.
Should have a steady job and a regular source of income.
Should have a stable Bank Account.
Benefits:
These advances come to your rescue when you face unexpected cash emergencies.
There is no need for you to place collateral.
Online procedures will help you to overcome all your financial problems.
Faults:
Since no security is provided, the finances carry a high rate of interest.
If there is a default in non-payment, then the lender may charge you a nominal fee or may take a legal action against you.
Online Application:
It becomes very easy and convenient for the recipient to access this type of facility. The format is very simple. You need to fill an online form with the proper and personal information, after verification the company executives will approve your loan amount to your account.
Unsecured Loans for Poor Credit Rating - No Security, No Worry!
