subject: Bad Credit Loans-With Good Background [print this page] Worried how to purchase own house because of poor financial status? Or planning out to borrow some loan from friends or relatives or waiting for your promotion? Here is a good chance for you which will help you to satisfy your desire or dream come true that too without verifying your financial position. Many of the UK citizen's can availed by this type of loan. Even a person with poor financial status can be benefitted by this type of loan.
Bad credit loans are a long term loans. Bad credit loans are also available to the borrower in two types such as secured bad credit loans and unsecured bad credit loans. So there is a choice for the borrower to choose for what type of loan he/she should go. Even a bad credit holder can apply for this type of loan. He need not worry about his status.
The amount available to you in this type of loan ranges from 1000-25000. As mentioned above it is a long term loan and the period of repayment of the loan ranges between 1-10 years. Incase a person unable to repay the loan amount on maturity the person can extend the period but with an advance notice to lender. The borrower can make use of these funds for various purposes such as purchasing house, purchasing a car, in other words the borrower can use this money for making his dream come true.
For applying for this loan the borrower has to just fill in the prescribed application form by providing correct information. The lender after confirming the same transfers the funds to the borrowers account within a time span of 24 hours.
The borrower must be a citizen of UK. The borrower must be an adult i.e. must be above18 years of age. The applicant must be working in an reputed organization with a fixed source of monthly income. The applicant can also apply for this loan through online mode which is more preferable.
