There
used to be no guarantee for the financial assistance to the people having the
bad credit records but now there are the guaranteed loans for bad credit records. The people with the bad credit records can
now directly avail the loan from the lenders to meet the urgent and the short
term needs and necessities. One can get the advance according to his
requirement but most of the people take it granted to meet the short term needs.
The loan
can be secured and unsecured depending on the affordability of the borrower.
Generally the lenders raise the amount within the range £80-£1000. The loan is
raised for the period of 30 days and is meant to be repaid within the same time
limit. Lenders keep the rates of interest quite higher in case of the short
term deal.
People
who wish to get the guaranteed unsecured loans must fulfill the eligibility criteria of the lenders. The eligibility
criteria for all the lenders is found to be common and involves the citizenship
of UK, age criteria of minimum 18 years, employed and availability of the bank
account. People who do not meet the conditions should not apply.
For more information do browse at: http://www.guaranteedloanshere.co.uk/guaranteed-bad-credit-loans.html
