subject: Bad Credit Unsecured Loans- No Credit Check, No Asset Check But Finance [print this page] In the process of money lending, two kinds of people face the most problems. First are those who are a bad credit case and second are those who dont own a property or those property owners who are not willing to give away their property. But bad credit unsecured loans have been designed in such a way that the borrowers face no credit as well as asset check but get finance. Both tenants and house owners can apply
The lenders dont ask the borrower to pledge any type of collateral be it house, jewellery, car, stock papers etc against the finance that they are lending. Thus, this aid becomes risk free for the borrower but in turn it becomes risky for the lender. Therefore, they charge an interest rate which is slightly higher. One should keep his repayment capability in mind before applying.
Bad credit unsecured loans offer finance in the range of 1000 to 25000 that can be settled in the time duration of 1 to 10 years. Get your house or car repaired, meet educational expenses, any kind of medical emergency and so on.
The process of credit check is not followed here. Deficit credit situations like bankruptcy, payment overdues, arrears, CCJs, late payments etc are overlooked by the lender. A defaulter also gets finance.
Just fill the online application form and submit it as and when you want. As the borrower gets an instant approval after the verification, the credit directly gets transferred into the bank account in least possible time.
The lenders not at all demanding as far as filling and faxing of credentials is concerned. No excessive paperwork from the lenders side.
Before applying one should keep the essential pre conditions in mind:
The applicants age should be at least 18 years,
One should be a permanent address of UK
One should be have a fixed monthly salary
One should possess an active bank account that is at least 3 months old
