Instant relief for those have no or poor credit

16th Feb. 2009

Introduction:

Today lots of financial institutions are offering the funds for emergency cash crisis but they required the excellent credit besides the collateral from the applicant while approving the loan and those who have no or poor credit may rejected from such institution. But now with No credit history loans all the individuals who have the same circumstances may feel relaxed as such loans are specifically configured for such kinds of individuals; it brings a relief for them by offering sufficient sum of cash irrespective of bad credit.

Qualification:

To being approved for No credit loans borrower don’t need to have excellent credit history but he has to meet few simple requirements. Such as: he must complete his 18 years of age, must have the ability of timely repayment, have possess a bank account on his name either saving or checking it is no matter whether saving or checking. He must have same residence for last 1 year along with the citizenship of United Kingdom. Most importantly must be an employer in either government or private sector and having the minimum earning £1500 monthly.

Features:

While availing a loan no or poor credit creates problem but not while opting for Bad credit loans at the same site. These loans are specifically configured for such kinds of individuals who have the same circumstances. All the bad creditors who have several kinds of bad credit like CCJs, arrears, bankruptcy, defaults, late payments etc. are still eligible for such loans.

Non homeowners and tenants who have no collateral to place as the security of a loan can also opt for No credit history loans as it basically works as a unsecured loan and do not require any collateral as the security from the borrower’s side. So not only non homeowners but homeowners too opt for such loans if they don’t wish to stake their valuable assets at any risk in case of insolvency.

Within few hours of filling a simple online based application form loan amount credited into borrower’s account without asking him about his credit history and any collateral from his side.

Summary:

No credit history loans are available in UK loan market for the needy people who have the same circumstances and have no alternate for their needs except availing a loan. These are short term loans and suitable for all the residents of United Kingdom even bad creditors too and for the purpose of meeting the sudden cash crisis in a easy manner. There is no collateral nor any credit check is needed while approving the loan