subject: Short Term Loans: Instant Financial Assistance [print this page] Short term loans are to benefit the British people who must have a name in history for managing finance in the recent years of economic slowdown. The financial institutions have introduced short term loans to support the people as their earning is tremendously limited. Most of the people, mainly the salaried ones, empty their wallet within the first two weeks of the month. They are greatly helped by the short term loans when they are confronted with several financial necessities.
Short term loans are available to men and women who can fulfill some conditions. Short term loans are available to the citizens of United Kingdom who are at least 18 when they apply for the loan. The applicant must have valid and active bank account. They must be working in any legally approved establishment in England. They must earn at least 1000 in every month.
Short term loans refer to short loans which allow the applicant to secure an amount between 100 and 1000. Actually, short term loans are advanced against next month paychecks. The recipients are to repay the loan amount within 14 to 31 days, and they are to pay interest for the loan at higher rates. The borrowers are warned not to secure finance from any other source before complete repayment of the short term loans, because financial burden in the form of fees and fines are imposed on the borrowers who default or who cannot repay as per the agreement.
Short term loans are free from hassles and payment is made instantly. Short term loans do not entail any collateral. It is important to note that short term loans are available even to the people who have stained their credit record due to defaults, arrears, late payment, short payment, CCJs, IVAs etc. The lenders do not bother to check the credit score of the applicants.
The loan-seekers can apply online and the procedure is very simple. They are to provide some common and personal information like name, address, contact number etc. The lenders verify the loan application. They send the loan amount to the bank account of the applicants after they approve the applicant.
Short Term Loans: Instant Financial Assistance
By: Annisa Nelson
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