subject: High Risk Unsecured Loans: Sort Out The Financial Requirements [print this page] There are number of people in UK who are suffering from bad credit records and feel hesitate to get the desired amount in the hard times. What if at the same time an individual got some urgent money needs? There is no need to worry. High risk unsecured loans provide the best financial solutions in the hard times.
If one is bad credit holder and wants easy cash without any credit check then these mortgages is the best way out. There are many bad credit records like CCJs, IVA, arrears, defaults, bankruptcy, late payments, missed payments, etc. It is mandatory that the borrower has to repay the loan amount on their own risk. For lenders, these mortgage are more risky then the other unsecured credits. Here are some of the eligibility criteria which is necessary to be fulfilled:
Applicant must attain the age of 18 years or above;
Applicant must be a citizen of UK;
Applicant must have a valid bank account in UK bank;
Applicant is doing a regular job with a sound source of income.
To get the cash borrower does not have to pledge any security as collateral. This feature makes the credit more risk free for the applicant. The rate of interest of such mortgages is slightly high because of the unsecured nature of high risk unsecured loans.
The amount that the applicant can fetch ranges from 1000 and 25000. This amount will be approved on the basis of income and repayment capability of the applicant. The repayment term is short, that is from one year to ten years. With these mortgages one can improve their bad credit by paying the amount on time. One can use the amount borrowed from high risk unsecured loans, according to the needs and requirements such as debt consolidation, room rent, examination fees, wedding, traveling, school fess and college fees, credit card dues, car repairing, for holidays, home renovation, grocery bills, etc.
Online is the fast and quick way by which one can avail the cash at right point of time without any hassles and formalities. Borrower can get the cash within 24 hours of application by providing the required details on the online application form.
by: Mark Tomkins
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