subject: No Credit Check Loans: Says No To Credit Checking Systems [print this page] There are still certain loans for which the satisfaction of the borrowers is the most important factor and the no credit check loans are one among those. It is for the comfort and the benefits of the borrowers for which these basically have been implemented. Hence, right from the easy application to the repayment of the loan, everything has been made very simple for the borrowers.
These sorts of cheque loans are good for all kind of borrowers. While applying in it you will not have to worry about your credit score as any credit holder is allowed in it. The system of credit checking of the borrowers is not followed here and that ensures less time in the approval of the loan and no turning down of the borrowers. So, a few of the bad credit histories after having which also you will not have to bother about anything are:
Arrears
County Court Judgments
Defaults
Late payment
IVA
Skipping of instalments or
Bankruptcy
The cheque loans help the borrowers by lending them an amount ranging from 100 to 1500 and the fixed term of repayment in it is 14 to 31 days. These loans are very strict regarding its repayment and if there is any delay in paying the loan off then the borrowers are charged with a monetary fine.
The best way to escape the burden of timely repayment will be to adjust the repayment date with the payday of the borrower. The benefit is that the repayment will take place right on time and automatically from the bank account of the borrowers.
The grounds that every borrower need to meet for being considered to be eligible for the cheque loans are:
Earning a monthly income of minimum 1,000
Having a bank account and a debit card
Being of 18 years of age and
Being a citizen of UK
If you fulfil these grounds then there will be no more obstacles on your way and you can easily draw the cash. So, that means easy solution to your emergency issues.
