Advantages of applying for a quick cash loan:
You may want to extend the time period of your loan, you are free to do so. But, you will have to pay some thing extra to the amount that was agreed up on as there has been an extension on the payday repayment. Roughly it is about a month or 30 days duration.
They are free from any verification of the credit standing. Your bank account statements or your credit scores are not checked. County Court Judgements, IVA and bankruptcy will not impede the lender from approving cash to you. Indirectly, the lender assures you of financial support despite of your credit situation. This is precisely because you approach a lender as you are facing financial hardship and looking at your bankruptcy and ccj condition will be of no use. Most of the other lenders do consider this and base their loan rates on these factors.
These funds are short lived and hence you will be free of any financial commitment to the creditor earlier. You need not carry on these commitments for long and will be able to pay the small funds by the next pay day.
As there is no collateral attached even a non home owner can apply for this. There is no fear of risking collateral as it is not used as security against your borrowing. Thus, it offers solace to both home owner as well as a tenancy holder.
Minimum pre requisites of such instant funds are:
You must be of 18 years of age
You must be an UK citizen mandatorily others need not apply
You must have a current or savings bank account
You must be a permanent or full time employee
Or must have a fixed source of income.
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