subject: Loans For People With Very Bad Credit- Credit Record Is Not A Concern Now [print this page] Are you facing extremely bad credit score? Are you exercising difficulties with the collection of funds for unforeseen needs? For such problems UK lenders have tailored anew scheme named as loans for people with very bad credit. As its name suggests this scheme is especially for those who are facing bad credit history due to late payments, arrears, defaults, CCJs, IVA, bankruptcy etc. This scheme is meant to help bad credit holders with unexpected needs.
Loans for bad people with very bad credit are designed to fulfill your short term needs. It should not be considered as a regular source of lending. The main reason behind this is its high interest rate. Collateral free nature makes it bit expensive compared to the other traditional loans. Under this scheme a borrower can easily borrow an amount in the range of 100-1500 with the repayment tenure of 14-31 days. Loan interest varies from company to company. Some companies offer discount to new or returning costumers.
After supplying payday lender with the necessary information like name, address, employment and banking information, your application gets approval in few minutes. You are not required to fax any document. All the required information will be supplied over internet. It is must for an individual to meet basic conditions of lenders before dealing with any company. These conditions are like this:
A borrower must have permanent residency of UK.
He/She must have an active and valid checking bank account in any bank of UK.
He/She should be 18 years old or above that.
He/She must have a good job with the basic earnings of above 1000 a month.
Your bad credit will not stop you from getting funds. There will be no credit check; fulfillment of basic conditions of lenders is enough to get your application approved.
