subject: Loans for People With Poor Credit - Can Help to Respond Your Problems [print this page] Poor credit people are those who have a bad credit history. Therefore these individuals find it difficult to apply for any advance. These individuals basically, have an financial problem and are unable to prove their income. If you are a bad creditor and you are in need of cash then you can take the help loans for people with poor credit. Which can help you in your troubles.
Loans for people with poor credit can be secured as well as unsecured. In this the lender will offer an amount to the borrower ranging from 200 to 2500 and the time given will be for 1 to10 years the borrower has to pay the amount in the given period of time.
Essentially, in secured finance the borrower has to place his property or asset as collateral. For this borrower is been charged a lower rate of interest if the borrower fails to repay the amount in the given period then, his property will be at a risk.
In unsecured credit they do not place any property or asset as collateral, so there is no risk for the borrower. Hence, a high rate of interest is been charged. Since there is no faxing and less paper work is done and you can avail the cash easily.
The eligibility criteria:
He/she should be a citizen of UK.
He/she should be minimum 18 years of age.
He/she should have a current bank account.
He /she should be employed with an income of 1000.
The online procedure is very simple and convenient. The only thing one can do is to fill the application form with the correct information in it and within 24 hours the funds will be transferred to your account.
Kelly Meliss is British writer. She has completed her Masters in English from University of London. She is working as a Financial Advisor with Online Unsecured Loans. Visit for online unsecured loans and bad credit unsecured loans.
Loans for People With Poor Credit - Can Help to Respond Your Problems
