subject: Same Day Loans For People On Benefits - Fund Your Needs With Ease [print this page] In UK, the Department of Social Security (DSS) plays a vital role in supporting the physically or mentally challenged and even the old civilians. Due to your physical or mental in capabilities you are not able to earn enough. In addition if you need urgent funds how will you pay them off if you do not have sufficient income? Same day loans for people on benefits are an ideal solution.
These advances are of great help to you. You can use the funds for any purpose. There are no restrictions on its usage. You can pay off all your pending bills like your electricity bills, telephone bills, car repair bills, to renovate your home and so on.
You can borrow funds ranging from 80 to 1500 for a period of 1- 30 days. This period can be extended but with prior notice to the lender. You will be charged an additional fee every time you extend the period.
They carry a high rate of interest as these are short term advances. You can apply for this form of credit irrespective of whether you have a god credit history or a bad one. However it is essential for you to prove your repaying ability to the lender to assure them of you credit worthiness.
The applicant is also entitled to satisfy few pre-requisites. For instance, he must be a UK citizen besides, being an adult. He should also maintain a bank account to deposit the sanctioned amount. It is also essential for him to work on a fulltime basis with a source of income.
You can also apply for payday loans for people on benefits through the online mode. All you have to do is fill in online application form giving all the relevant details. These advances carry a high rate of interest but with the online mode of application you get a wide range of the different lending institutes and the interest rates charged by each of them.
by: Alex Jonnes
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