subject: Checkbook Loans-get A Loan Using Your Checkbook [print this page] If you are having a checkbook in your name, you can get a quick monetary help. Surprised? It is true. The lending companies of US have formulated checkbook loans for those who cannot place any asset or property against the borrowed amount. The checkbook acts as collateral. At the time of repayment, your checkbook is returned to you. These loans are very much helpful at the time of emergency. The sudden expenses can be easily tackled through these funds.
Any borrower who wants these checkbook loans is liable to fulfill a basic eligibility criterion. The conditions that are required to be fulfilled are as follows:
You should be permanent US citizen
You should have attained age of at least 18 years
You should posses a valid bank account
You should be regular employed with a salary of at least $1000 per month
These loans are free from the procedure of credit check. It does not matter to the lender whether you are holding arrears, defaults or late payments. He should be just satisfied by your repayment ability. There is no verification of credit history and the lenders do not ask you about your credit worthiness. So, do not be ashamed of your poor credit status.
These loans are capable of providing you the amount ranging from $100 to $1500. The repayment term of these funds is of 14 to 31 days. You should pay back the borrowed amount on time. Otherwise, the lender may confiscate your checkbook. These loans are easily applicable through online method. The online lender asks you to fill an online application form that provides personal details about the borrower and submit it online. If you are able to satisfy the lender, he will grant you the loan. He will transfer the borrowed amount into your bank account within 24 hours.
by: Ricky Loyel
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