subject: Car Loans For People With Bad Credit - For Buying A Brand New Car [print this page] Taking an advance has become an essential part of our life as there are many unavoidable expenses coming up. With these expenses coming up, it has become hard for a person to maintain his/her budget. It becomes more complicated when the person has a poor credit history. For tackling such problems, car loans for people with bad credit prove to be helpful. These finances help you buy a brand new car.
They are offered to you in the secured as well as the unsecured form. In the secured form, you have to place a security against the advance. The amount you get in this form is large. You can even apply for the unsecured form in which you do not have to place a security. The lender lends an amount ranging from 2000 to 500000 and the repayment duration extends from 1 to 5 years.
Car loans for people with bad credit are taken by the borrower either to purchase a new car or a used car. These advances are given to those people who have poor financial status like CCJs, IVA, arrears, bankruptcy, etc. They come in the secured as well as the unsecured form. For availing this facility, you should be eligible. The eligibility conditions comprise UK citizenship, valid bank account, above 18 and permanent source of income.
This finance scheme is made available to you in the finance market as well as through the online mode. In the online mode, you only have to fill in the form. The amount gets credited into your account after it gets sanctioned. This method of applying does not require any paperwork.
