If you want to get a loan from a lender who charge you no extra rates and he doesn’t look into your credit history as well, then it might not be possible in this world. Most of the lenders are offering their loans with the roughest terms and conditions which are extremely difficult to pay in strict financial problems.
As every lender is offering their own terms and conditions, we have compiled a list of all the loans that you will be able to get the bad credit scores. All their terms and conditions are also listed below as you may need any of these loans at the time of emergency offered by the Credit Poor.
Types Of Loans:
- Logbook Loans:
These types of loans are given against the car that you have. To get these loans, you must have your own registered car in the United Kingdom. As these loans are given to the people without checking their credit scores, these are given against the car that you have. You can get the loan as much as you can according to the car that you have. One other advantage of this type of loan is that you can select the duration in which you will be able to repay.
With these types of loans, you will be able to use the car till you repay all your repayments. The lender will only take your car documents and not anything else and if you repay all the payments, then you can take your car documents back from the lender.
- Guarantor Loans:
These types of loans are given to the borrower in the presence of a guarantor. A guarantor is a person who takes the responsibility of paying back all the repayments on time if the borrower fails or defaults the payment. The guarantor co-signs the agreement with the borrower and the lender of the Credit Poor.
The guarantor must be above 21 years old and he must have a bank account with the best credit scores otherwise, he will not be able to present himself as the guarantor of the borrower. He must be the one not linked financially to the borrower such as his spouse. He can be any of his colleagues, his friend or his family member.
- Personal Loans:
These types of loans are the unsecured loans and they are completely dependent upon the income of the person. You can show your fixed income to the lender and you will get the loan according to the amount that is paid to you every month. These loan repayments are automatically deducted from your pay by the Credit Poor, therefore, you can easily take these loans without worrying to pay them back.
- Payday Loans:
As the name indicates, these loans are only given to the person needing a small amount of money. These types of loans are the best option in case of emergency. So, if you want these loans you only have to show your income just like personal loans. But these loans only offer a small amount of money.