subject: Bad Credit Loans - For Financial Stability [print this page] If you know your credit score, then you will be well-aware of the fact that low credit score will give you problem. If you have low credit score, then you will not be able to get any loan easily. To avoid this situation, bad credit loans are designed so that, people like you can go for these plans easily. These plans are unique because this reason. People who are suffering from CCJs, IVA, late payment, default, bankruptcy, etc. can go for these plans happily.
Features:
You will be able to get these plans in secured and unsecured form. You can choose according to your necessity and affordability.
Secured category offers cash when you pledge the property. If you have any property at your name, then you can provide collateral for getting the secured category.
In this category, you get low interest rate because of the security condition. Lenders charge lower interest rate.
When it comes to unsecured category, you dont need to provide collateral. This category is collateral free, but you have to pay higher interest rate for this.
Poor creditor can go for the amount up to 25000 for the time period of 1 to 25 years. The repayment tenure is flexible and provides enough time to repay the amount easily.
Bad credit loans come with some qualifying conditions and that are:
Applicant must be citizen of UK.
Applicant should be 18 years old or more.
Applicant must have permanent income source.
Applicant must have a valid bank account.
Applying procedure:
You can apply for these plans online and offline. However, online process is easy and hassle free. Lenders provide online application form that you need to complete. Lenders verify the form and approve the application. The cash will be deposited in your account directly.
