Who can apply for the loans? Any UK citizen above the age of 18 years can apply for the loans.
For what purposes I can get the loans? You can get the loans for a range of purposes like debt consolidation, home improvement, car buying, business start up or update, holiday going and so on.
What interest rate I have to pay? There is not any fixed rate of interest. Interest rate mainly depends on the amount you borrow and on the credit rating you have.
Is there any risk in placing the collateral? Hardly there is any risk in placing collateral. Your collateral serves as a security of the lender’s money and assures him a safe return. In return, he gives you the loans at cheap price and with affordable term so that the repayment becomes easy enough for you. Hence, when your repayment gets easier, hardly any risk remains with collateral pledging.
What should I put as the collateral? Your collateral can be any valuable property. Generally, your home stands for the collateral in secured loans.
Is the application for bad credit history loans same like any regular loan? Yes, applying for bad credit history loans is same as applying for any general loan. You have to fill in only a small application form online, just like any other loan.
How much I am to pay as the monthly payment? It is not fixed and varies from borrower to borrower. Your monthly payment will be based on a few facts. It depends mainly on how much you borrow and for how long. Your credit score is another matter which works behind the monthly repayment. If you have got bad credit history, you are to pay a little higher rate of interest. So, in case of credit holders, the monthly repayment comes with a moderate difference.
Is my loan application confidential? We do not share any of the information you provide us through the application with anyone. We share it only with potential lenders in the market.
Can I cancel my application for the loans? Yes, you can cancel your application up to the time of completion of the deal with the lender. You can cancel it without paying any cost or penalty.
Does the application of loans for people with bad credit holders require any cost? If you go online to avail loans for people with bad credit history, you don’t have to pay a single buck for it. It’s totally free online.
