Avail better deals that suits to your need
14 January 2009
If you are a dependent of DSS and in search of a loan that can provide you cash instantly then your search can be stop at Loans on benefits which is specifically designed for such individuals who are living their life on the benefits provided by the Department of Social Security. Basically it provide cash for the purpose of meeting the daily expanse only but somehow they all need some extra cash to combat an emergency expanse then such loan can be an apt solution for their needs as it provide instant cash without asking them about any collateral or their credits direct to their account without giving them any hassle of paper work, faxing, collateral and long waits.
To being approved for this loan borrower just has to meet a simple eligibility criterion of this loan. These are as follows:
- Borrower should be an adult.
- He must be a permanent resident of United Kingdom for last 1 year with the same residential address.
- He needs to be a dependent of DSS benefits for last 8 months.
- Must possess an bank account on his name in any UK reputed bank.
- He must have the saving atleast £800 if he wishes to get the amount up to £500.
- And the last but not the least he must have the ability of repayment of the loan amount.
Once meet the certain criterion you will be eligible for this loan even in case of having bad credit rating you can still able to access this loan.
While availing the Loans for people on DSS borrower needs to be on DSS benefits for last 8 months. If you have the same yet no matter you have whatever credit whether good or bad, have home or not. These loans are suitable for all the residents who are in need of extra cash to fulfill their desires eight away but have no option for it as they have lack of efficient income and some uncalled incidents make him disable.
There are any kinds of bad credit like arrears, defaults, bankruptcy, insolvency, CCJs, IVA and later payments are no matter for loan lenders as instead of excellent credit they only need the ability to pay back the loan amount. It can be utilized for whatever purposes either personal such as home renovation, car repairing, medical bills, wedding etc. or commercial purpose.
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