The Answer To Your Cash Needs
The Great Things About KnightFinance
Super Fast Process
You could get money directly into your account after just a 15 minutes application.
Get the cash you need without the usual high costs, because of our wide range of lenders.
Low Interest Rates
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There’s no need to put any collateral against your credit, all our loans are unsecured.
Personal Loans that are Unsecured
It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.
Unsecured Installment Loans for Poor Credit
The last thing you want is a bad financial situation turn worse. With a bad credit, bills to catch up, and emergency expenses that come barging in, nothing could ever be as stressful. But, don’t panic. This is where unsecured installment loans for bad credit can provide you with the money you need as fast as possible.
When you have no one to help you and most financial firms don’t want to offer you a loan because of your poor credit, you still have a glimmer of hope. Look for a direct lender installment loans for bad credit who specializes in unsecured installment loans for bad credit. As long as you meet the requirements, a bad credit loan lender has no reason to say no to you. Once you get an approval, you can acquire the funds you need in just a short time.
Due to your poor credit score, you can’t really take out loans the traditional way. Unsecured installment loans for bad credit exist for this reason. You can apply for up to £2,000, depending on the lender and your overall personal circumstances. The best part is that you really don’t need to worry about your credit score.
Unsecured installment loans for bad credit are offered specifically for emergency purposes and not for any long-term financing. From the name itself, these loans do not require you to have a personal asset tied down as a loan collateral. The loan cost of these loans is spread over an agreed period, typically weeks, months or years for a specified payment amount.
Great Benefits from Unsecured Installment Loans for Poor Credit
How it works is that the application requires the borrowers to providing essential information such as the borrower’s name, employment history, contact information, address, and monthly income to determine their capability to pay off the loan. The borrowers must be at least 18 years of age in order to be qualified for the loan. Once the lender will be able to determine the borrower’s capability, they will be given a loan.
Another requirement would be to have a savings or checking account where the funds will be deposited to. The borrower needs to submit this information during the application so the lender will be able to send the payment.
Unsecured Installment Loans for Bad Credit
It can be challenging to find cash lenders that will offer you a loan if you have a bad credit score. However, you have options. You may not qualify for the lowest interest, however, there are plenty of good loan deals out there with the best benefits you will ever find.
Before you are granted a loan, UK lenders will have to do a simple credit check to confirm which loans are best suited for you. You can find plenty of these lenders who could offer loans that are just right for your budget. A soft credit check is required for them to have a picture of your credit history. You don’t have to worry as it will not affect your records nor leave a mark. Once all information has been provided, everything will be good to go.
It is very easy to obtain unsecured installment loans for bad credit because you may be approved in just fifteen minutes. You may get your funds within a few hours after the approval. After submitting your online application, you will get the funds direct to your bank account and solve your emergency problem.
Unsecured Installment Loans for Bad Credit
Suppose you run out of cash and you need a fast way to replenish your funds as soon as possible, there’s always an option to look for. There’s a lot of payday loans that can be accessed anytime. Thinking about getting a £200 or £300 loan just to cover an emergency? Nothing to worry. Payday loans has been one of the best options for emergency situations. Repayment plans are convenient. Not only that you can do a one-time payment, you can also have it on installment.
Having it tough because of your bad credit? There’s nothing to fret. Even with a bad credit history, you can always apply for a doorstep loan or home credit. You have the option to borrow up to £2,500 and have it delivered right under your doorstep. With this, you don’t have to worry about running out of cash. Simply go online and apply for a loan directly from online loan lenders. Have it delivered to you within minutes from your application.
If you still out of options, you can always try out a credit union loan. Having bad credit line makes it almost near impossible to get approved for a loan. However, credit union loans are financial assistance coming from a community-run co-operative. These particular union has access to a network or financial institutions that provide assistance to borrowers even if they have poor or no credit history at all. One other reason why it is highly recommended option is that credit unions can be a lot more lenient than banks. You have higher chance to get approved for a loan in a credit union compared to a bank.
There are also other options such as guarantor loans if you are currently new to this whole loaning thing. A guarantor loan allows you to borrow a hefty sum as long as there is a guarantor that would co-sign and vouch for you. Whether a close friend or a family member, a guarantor has to be someone who is capable of handling the loan to make sure that is paid in full. Because if you default on the loan, the lender will go after the guarantor to ensure that payment is made.
A bad credit score does not stop you from taking out a loan. Surprising as it may seem, but you still have many options to choose. Unsecured installment loans for bad credit may be much more expensive than secured and other traditional loans, but it is already a good thing to have a loan approved despite your poor credit. Once you are approved, use the loan as your opportunity to rebuild your credit score by making repayments on time.