subject: Bad Debt Loans - Relief From Monetary Problems For Poor Creditor [print this page] Looking for some extra source of money? Are powerless to get any monetary aid due to your adverse credit scores? Bad debt loans are the alternative tailored for those having stern debt problems. Facing poor credit such as CCJs, IVA, insolvency, arrears and defaults, then this plan is fiscal support for you. The amount can be obtained to solve several purposes like debt consolidation, paying wedding expenses, renovating home, vacation, educational purpose and buying car. There are two ways by which you can apply for this plan.
Secured form:
To attain secured form you need to provide your expensive asset as security. Your house, car, stock and jewelry are all suitable. Borrower can borrow an amount ranging from 5,000-75,000. The repayment term extends from 5-25 years.
Unsecured form:
In case if you can not meet the security part then you can get unsecured form. They offer small amount ranging from 1,000-25,000 for a term of 1-10 years. Unsecured form can be applied by tenants and non homeowners.
Borrowers can borrow the amount according to their requirement. This plan contains risk for lenders so minimize the risk, they keep interest rate high. There are some conditions that are necessary to fulfill.
Applicant must be citizen of UK.
Applicant should be an adult.
He/she should be working permanently.
Applicant must have a bank account.
Applying procedure:
Lenders have websites where you can find all information regarding this plan. You can fill out online form with some general information. Lenders approve the loan after checking the form.
