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Quick Loans for the Unemployed offers great financial help
Unemployment is very bad situation that never comes alone. In case you do not have a job, you may be passing through a very difficult phase of life. In spite of being unemployed your bills and expenses do not come to end and you can not stop living at least a good and reasonable life. Financial problems often come and that requires instant solution. For such type of situation, if you do not have enough amounts of cash then you can apply for quick loans for unemployed. In case you are thinking that without any appropriate income source how you would get qualify for such loans, then you need to explore more for getting such loans:
The main features for loans for unemployed are:
The lender do not require income proof while offering such loan facility as these are designed particularly for unemployed people.
These loans are considered as unsecured loans, so there is no requirement of any security. For borrowers, its risk free.
These loans are specified as short term loans and offer the benefit of small cash for your day to day basic needs. Borrowers can get the loan amount ranking from 100 to 1500 depending upon their financial condition.
The terms for repayment for these loans are flexible and this means that you can repay the loan amount in a period of 14 to 31 days.
No credit check is associated with these loans. Loans are allowed by lenders to those people who have bad credit history due to their past mistakes.
Quick loans for unemployed generally come with the option of high rate of interest due to their short term nature of loan. After doing some research you could get good affordable deal. There are certain terms and conditions that every borrower need to comply with before opting for such loans. -You must be a UK/USA citizen.- -Your age must be 18 years or more -The proof of residence is necessary -You must have a valid bank account
Internet is quite helpful in applying for quick loans. You are just required to go online and fill out the relevant application form that is available at the website of lender. You are offered the loans immediately after your details have been thoroughly checked.
Quick loans for unemployed come with high interest rate because of the short term nature of the loan. But by doing some research you can get affordable deal. There are few conditions which every borrower needs to complete before he or she opt for the loan. After getting the approval, the approved loan amount will be transferred to your bank account within a period of 24 hours.
UK Pawnshops: Traditional Vs. Modern Way Of Lending
As the recession continues to hurt the economy, we will continue seeing shops close left and right. However, there is a particular industry that is booming and has since expanded to become one of the most promising industries.
Since last year, the National Pawnbrokers Association has reported an estimated 8% growth in the pawnshop industry in UK as more and more middle to high class individuals turn to pawnshops as a way to get money in exchange of personal assets.
Through the years, it has long since evolved from a simple street corner business to a sophisticated and high end contract between a borrower and creditor. Pawnbroking services can vary depending on the pawnshops. There are those that accept wine collections or premium aged cheese as collateral.
Currently there are two types of pawnshops operating in UK:
Brick and Mortar The traditional way of doing business. A borrower goes to a pawn shop to have their valuables appraised. Transactions are done on a face to face basis where both parties agree on a specific contract. The benefit of doing business with a brick and mortar pawnshop is that the borrower can build a relationship with the lender that can be beneficial for both. A borrower can easily get an extension on the due date or a lower interest rate if he has shown credible payment history and is considered as a regular by the owner. Lenders can get additional clients through referrals made by the borrower. It can also build reputation and increase clients in the long run. The downside of doing this kind of business is that you cannot easily expand and have immediate access to other clients and clients have to personally go to a store to have an item pawned.
Online – With the evolution of technology, pawnbroking can now be done through online transaction. Borrowers no longer need to go personally to a shop to have their valuables appraised. By doing online transaction, appraisal and delivery of pawned items and exchange of money can be done with a simple click of the mouse. It is all about convenience and making it easier and faster for the client. Furthermore, it gives access to a wider market as it makes it easier for other people to try borrowing from a pawnshop. The downside of doing this kind of business is that it does not go beyond a professional service.
Although service can be impeccable, it strictly follows certain policies and rules that can be a bit stifling and irritating for clients. Another cause for worry is that vital information such as address and name is being sent online, which makes it vulnerable to hackers and other internet savvy individuals.