Top Tips for Unsecured Loans
Many people are unsure if a loan if for them, what type of loan is most suitable for them and how much could they expect to borrow and over what length of time. We only use loan providers who we feel will out our customers first and give them the advice they need.
If you don’t own your own home or have any assets that are worth more then the amount you would like to borrow then an unsecured loan is probably the best option for you as it doesn’t require any collateral . So don’t despair if you rent your home as this doesn’t matter with an unsecured loan.
If you have poor credit history and a low credit rating then this also is not so much of an issue with an unsecured loan as it is with a secured one. Your provider may carry out a credit check but they don’t necessarily use this when deciding upon your application.
An unsecured loan does mean a slightly higher rate of interest and not as long for repayments however it does bring the benefits of a quicker more instant application process and payments are usually made within 24 hours and in some cases the same day.
As long as you are over 18 years old, are employed and if you have a UK bank account then this is usually the main requirement for an unsecured loan although the criteria for the providers do vary according to who the loans provider is and what they criteria they require . However if you are still uncertain then our quick comparison will get you the provider who most meets your needs, they can then go through every aspect of your loan and advise you as to what the procedure is. Once this is done you can enjoy the benefits of a quick cash payment to use for whatever purposes you need it for.