Category Archives: Loan Tips
Same day loans: Get the cash just in a day
In present world mans desires have no limits and some times these limits cross the barrier of finance. And suddenly a monetary crisis knocks at your doorsteps without any call. If you are self sufficient then good for you and if you are not so in this case same day loans can simply prove to be your best chum. Its an ordinary problem these days when we require some money instantly but our inadequate fund does not permit us for any further investment. The price of money is considered in terms of time then. In such case these loans can be very help to you.
These same day loans can save you from pains and suffering which you can face without this. You can get the immediate cash within 24 hours and these loans are free form any credit history check. So if you are a bad credit holder due to any reason still you are allowed to get these loans. Because these loans are unsecured, money lenders under these loans do not ask for any collateral to pledge thats why the interest rate is quite higher than any other loans.
These loans are availed for short time period usually 15 to 30 days though it is changeable and varies according to different repayment plans. The amount which you can avail through these same day loans usually comes around from £100 to £1500. The fundamental requirements for getting these loans i.e. a person should be citizen of UK and permanent employed having the minimum salary of £1000 and must have a personal bank account form past 6 months. The money will be deposited directly in your bank account within 24 hours after the approval. While in the repayment time money will be deducted directly form your bank account by the post dated cheque.
After getting the money you are free to use it as the way you want to. You can repay your credit card bills, grocery bills, medical bills, library bills, electricity bills and so on. You can apply online for this loan easily and can get approval.
Take A Short Break With An Unsecured Loan
If youve been postponing that trip for some time now and you just dont want to delay it any longer; if you need a short break from your daily obligations, it is probably time that you take the vacations that youve longed for. However, do you have the funds needed to do so? If you need financing, then you can count on an unsecured loan to finance your short break.
Unsecured financing can provide you with all the money you need to finance your vacations but you need to make sure that you can get approved for an unsecured loan. Knowing in advance what requirements youll need to meet can aid you not only in getting approved for the loan but also to get more advantageous terms on your loan.
Unsecured Loans And Credit Requirements
Unsecured loans have credit requirements just like almost any other type of loan. However, there are some unsecured loans that dont require credit checks. These loans are pay day loans and they provide a small amount of money, charge a very high interest rate and have very short repayment programs. They are meant for emergencies and thats what they should be used for.
Other unsecured loans do have credit verifications and credit requirements. In order to get approved for an unsecured loan you need to have a good credit score since there is no collateral guaranteeing repayment in case you default on your loan. However, there are ways around if you dont have a good credit score and you still need unsecured financing.
Co-signing An Unsecured Loan
Co-signing provides the lender with an additional guarantee of repayment. The co-signer agrees to be obliged by the loan contracts terms just like the main borrower. And thus, in the event that the main borrower cannot meet the monthly payments, the co-signer will be forced to repay the loan himself until the main borrower can resume the repayment process.
This implies that the co-signer must have a good credit score and history or at least a better one that the main borrower so as to represent, in the eyes of the lender, an assurance of repayment and a security for his investment. You need to keep that in mind when asking relatives and friends to act as a co-signer. Also bear in mind that the co-signer is risking his assets even if no collateral is offered as the lender can still take legal action to recover his money and the co-signer is obliged just like the main borrower.
Bad Credit Unsecured Loans
Another option to increase your chances of getting approved is to apply for bad credit unsecured loans. These loans are specially tailored for those who have less than perfect credit. The loan terms on these loans are less advantageous than regular unsecured loans and thus, you should be extra careful when analyzing your ability to repay the loan. You also need to remember that vacations, though necessary, are ultimately an indulgence and not an essential expense. Thus overpaying for finance wont do any good to your financial health.