March 28 2016
Borrowers also have tensions about loan repayment because of their limited monthly revenue. Therefore, to borrow money they think very less and they are dependent on borrowing funds at high rates of interest from landlords. But today they are able to grab hold of 12 month loans with longer duration of reimbursement and they can repay the cash in many installments.
They are worth getting finance in ranging from £100 to £1000 and more money dependent in their financial situations. The finance is repaid within a period of 1-12 months as the name says. The loan is also used for paying medical bills, wedding expenses, consolidating debts, child’s education expenses, loan installments, home repairs, repairing of car and many more.
People who are running bad credit history with names, like arrears, defaults, foreclosure, late payments, missed payments, due payments, CCJs, IVA or bankruptcy as they are also capable to enjoy 12 month payday loans without going through any credit check procedure. As a result, lenders do not perform borrowers’ credit history before lending.
Nevertheless, there are few conditions to fulfill as an applicant needs to be permanent employee along with income up to £1000 and it is directly deposited into his/her active bank account regularly. In addition, the applicant is eighteen years old in age and citizen of United Kingdom before applying for the loan.
