Financial difficulties are famous for their bad timings. They come at
times when finances are slim and the payday is far
away. Short
term loans no credit check is an easy alternative to acquire fast funds.
These advances are sanctioned quickly as there
is no credit check involved. This simply means that the borrower is granted
credit despite of having a faulty credit history. The credit advanced is free from the obligation of placing a
security. It is granted for a short period of time.
A person can apply and get these funds if he
qualifies in meeting the eligibility required. These are as follows, the
borrower will have to be at least 18 years old, his monthly income should not
be less than £1000, and he must have an active bank account and must have a
valid credit card.
The financial assistance provided ranges from
£80 - £ 1500, for a period of 1- 31days. It has to be repaid at the end of the
term. Lender charges a high rate of interest for such credits. As there is an
absence of security, if the borrower defaults in repayment, the lender has no
way of recovering the money from him. The period of repayment is flexible to a
certain extent. The repayment day is made to coincide with the borrowers
payday. This makes it easier to repay the credit. If the repayment term is
extended, a fee is charged.
Short term loans no credit check can also be
applied for online. This method of application is beneficial for both the
lender and the borrower. The application form takes a matter of seconds to
fill. It requires only a few details regarding the borrowers name, address and
age.
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