subject: Loans with Bad Credit - Advances Available for All [print this page] Loans with Bad Credit - Advances Available for All
It is rightly true that nothing into this world comes free of cost. So the amount that we earn not always all our needs and desires. But if you are a bad creditor and have a bad credit history then you may find difficulty in applying for a loan. At such times the only thing that can give a solution to your needs is loans with bad credit.
The investment amount can be used for various purposes. You can use it to combine your debts, pay off your health check disaster bill, wedding ceremony expenses, educational expenditures and if you want to arrange for a holiday trip.
The amount that is offered can range from 1000 pounds to 25000 pounds for a period of 1 - 10 years. The repayment period can also be extensive. The lender will charge you an extra fee every time you expand the period.
These finances can be availed to you in secured and unsecured form:
In unsecured form no security is placed as collateral and so the interest that is charged is also high.
Where as in secured credit the borrower has to put some asset as security and so he is been charged with a lower rate of interest.
The lenders risk in dealing with the applicant is more. Thus the applicant should be able to prove your repaying ability. However you have a bad credit history the lenders risk involved is all the more increased. Hence you must assure the lender of your credit worthiness.
You can also use the online mode to apply for these advances. The procedure is simple and very convenient. You have to fill an online application form with all the important information.
The information that the applicant has to fill in the application form can be:
