Tag Archives: bad credit unsecured

Unsecured Loan- For non-homeowners as well as homeowners

An Unsecured Loan does not use your property as a guarantee or collateral against the home. Thus, the risk involved for the borrower is low in an unsecured loan deal. These loans can be used for any purpose and are also called personal or consumer loans. The loan amount for unsecured loans is granted on the basis of the credit worthiness of the borrower. This is judged by evaluating the credit score and DTI (Debt to consolidation) ratio of the borrower. Unsecured loans are viable options for the following.

  • Non-homeowners like tenants, students and council renters
  • Homeowners who do not wish to risk their home for a loan
  • Those who require small funds for a small repayment period
  • Homeowners who do not have sufficient equity in their homes
  • For people living in housing association properties

    Sometimes, due to unavoidable circumstances like job loss, illness, accident and similar others, the credit score of the borrower gets adversely affected. This creates problems for the borrower to get unsecured loans easily in future. But, with bad credit unsecured loans becoming popular in the UK loan market, borrowers with bad credit history have taken a sigh of relief. A bad credit unsecured loan can earn the following benefits for the borrowers.

  • No need to offer a security like home
  • Chance to consolidate debts
  • Opportunity to improve the credit score
  • Helpful for funding necessities
  • Relief from credit pressure
  • Better than credit cards that charge very high interest rates

    Though bad credit unsecured loans also call for high interest rates since the lender’s risk involved in the loan deal is equally high. This is because there is no assurance for the lender that the borrower will repay the loan amount. Neither does the borrower have decent credit history to satisfy the lender with his credit worthiness, nor does he have any security to offer that can be repossessed by the lender in case of default on loan. So, charging a high interest rate on bad credit unsecured loans is legitimate on the part of the lender.

    So, whenever your finances fall short and you don’t have or don’t wish to pledge your home as security for the loan, apply for an unsecured loan. This loan helps in getting fast cash as the processing of unsecured loans is really quick because of the elimination of legal formalities like property valuation by th lender.
  • Guaranteed Unsecured Loan – Guarantee Your Happiness!

    Are you bogged down by poor credits or iva? You must be pondering over the thought of how to obtain loans for all your immediate needs! Does availing loans without pledging collateral sound irresistible? Yes, now you can avail guaranteed unsecured personal loans without pledging any collateral. What’s more? There is no credit checks involved in it.

    Even if you have a bad credit score, you can still avail a guaranteed unsecured loan. We offer the best guaranteed unsecured loans with the following benefits;

    • Loans available at competitive rates
    • Loans available for bad credit scorers
    • Avail loans without furnishing any proof of income
    • Loans available without credit check

    You can use this loan for any purpose like revamping the house, consolidate loans, buy a new car, set up a new business, etc. Guaranteed unsecured loans, as the name suggests are guaranteed without any security. It is a boon for bad credit scorers as it gives them an opportunity to rebuild their credit.

    Bad Credit Unsecured Loan – Knock off Bad Credit Now!

    What option does a borrower with a bad credit have if he wants to avail loan? As compared to a good credit holder, quite less though! Don’t worry if you feel there is no way out of this situation! Anyone can incur bad credit due to missed payments. Our bad credit unsecured loans are those borrowers who are suffering from bad credit.

    Bad credit unsecured loans do not call for any collateral as security. Therefore, they are very popular with students, tenants non home owners, etc. These loans can be used for any purpose and the repayment term for these loans depends upon the loan amount you have borrowed. You also have the advantage of applying for a bad credit unsecured loan online. An online bad credit unsecured loan is processed faster and is easy to obtain.

    If you are looking forward to clear your debts without pledging any property as collateral, then you should definitely opt for unsecured debt consolidation. Even in the absence of any property, you can avail theses loans. Borrowers, who have a property but are unwilling to risk it, also apply for this loan. You can easily evade a financial disaster by opting for this type of loan.

    A borrower can pay off all debts instantly at a reduced monthly installment. There is also an additional benefit of reduced rate of interest, on the loan amount. You can choose to repay the loan for a longer duration depending upon your financial capability. Owing to these benefits, unsecured debt consolidation is very popular!