subject: Small Loans: Providing Short Term Cash [print this page] Let the needs be smaller or larger but if they do arise at the time of financial emergency then they are bound to create a stir among the sufferers. People do plan for bigger needs such as for college fee or cost of buying a car but in the meantime while planning for the far larger needs the people tend to isolate the smaller needs which keeps on merging with other such needs and take the shape of much larger needs and they pop out all of a sudden. In order to prohibit such situations one might avail small loans. To avail these loans the borrower must find a creditor whom he can trust. Then after that just apply for the loan and for that he just needs to fill in the registration form.
Arrears, defaults, bankruptcy, IVA, CCJs or insolvency are such names which can give anyone sleepless nights. But small loans provide such people a huge respite as they avail loans to these people too. Correspondingly, the tenants who might not possess any property to offer as collateral or even the people who might not be keen to risk their property can also exploit the utilities of these loans.
Small loans help people borrow an amount floating between 100 and 1500. The debtor is required to repay this borrowed money within 2 weeks to 4 weeks. The borrower must follow the subsequent conditions to be eligible to apply for the loan:
The borrower must be a citizen of United Kingdom.
The borrower must possess an active bank account and must not be less then 18 years in any circumstances.
The borrower must be regularly and currently employed for the last six months or more.
by: Mack Grawhill 1
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