subject: Wedding Ring Loans - Feel The Emotions Connected To Your Heart! [print this page] Its time for your big day! Your wedding day is approaching and you need to prepare yourself well. Expenses start right from your wedding dress, to your wedding car, honeymoon, and reception and so on. What about your wedding ring? It is going to be connected straight to your heart. So why not design a special ring. If facing shortage of cash, applying for wedding ring loans will be suitable option for you.
This form of finance has been specially introduced to help you make your day a living memory. They are of two categories; secured and unsecured. It you apply for the secured form of financial assistance then you have to place a security against the loan amount. Thus they carry a high rate of interest. You are offered an amount ranging from 500 to 100,000 for a period of 1- 25 years. However if you fail to repay the funds borrowed by the due date then the lender will take charge of your collateral to recover the amount.
The unsecured form of credit does not demand a security. Hence the lenders risk in dealing with you is much more. Thus they will carry a higher rate of interest as compared to the secured advances. You are offered an amount ranging from 1000 to 25000 for a period of 1- 10 years.
The benefits of bad credit wedding loans are that if you do not want to place any security you can also avail the unsecured form of credit. Moreover there is no fear of losing any collateral. People with a bad credit history can also apply for these advances. You can also access the internet to avail this fiscal assistance.
However it also carries certain faults. If you do not repay the funds borrowed in time then the lender will sell your collateral to recover the amount of the funds borrowed.
Eligibility criteria:
* You must be 18 years old.
* You should have a stable job with a regular income.
* You must earn at least 1000.
* You should also have an active bank account.
You can also access the internet to apply for this credit. The application procedure is very simple. The lender will verify your details. This procedure is very simple as compared to the traditional medium.
by: Ben Gannon
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