subject: Payday Loans - No Credit Check And No Collateral Requirement [print this page] Payday loans are short-term finance that is known as a bridge between your two paycheques. These loans are provided on one's next pay cheque and are usually availed to satisfy emergency or unforeseen expenses that occur before the next pay date. These loans are designed to provide cash help for the problems like grocery bills, library bills, medical bills, credit card bills, or for a trip etc.
Features:
These loans are short term loans provide cash for small duration. People can avail the amount before their payday to run and pay their expenses in mid of the month.
These loans are very convenient so borrowers can avail the loan amount between 100 and 1500 for the time period of 14 to 31 days. The actual loan amount depends up on your repayment capability and your need.
There is no credit check. People with bad credit history can apply for these loans without any hassle. Default, late payment, CCJs, IVA or bankruptcy etc does not matter here.
Lenders do not demand collateral here. You can apply for these loans without any risk. Tenants and non home owners can also apply for these loans.
These loans are short term loans that are why lenders do keep interest rate high, however by performing some search you can get the payday loans at affordable cost. Lenders also keep some conditions which is necessary to fulfil and that are:
You must be UK citizen.
Your age should be 18 years or more.
You must be working permanently with the basic salary of 1000 per month.
There is a bank account in UK at your name.
Applying procedure:
Online medium of applying for payday loans is easy and provide hassle free approval. People can apply through online by filling out the online application form. Lenders allow the loan immediately.
