18 Mai 2013

High Risk Bad Credit Personal Unsecured Loans: Loans without Credit Check

Bad credit unsecured personal loans are a high risk loans for lenders given to people with bad credit history without keeping any security. These loans are offered to people with CCJ's, arrears, any default payment or due bills. The lender sees the present level of repaying capacity rather than previous credit record of the borrower. This repaying status is evaluated from your current monthly income and expenditure so that judges whether you are able to repay the debt or not. If you have sufficient savings then you can easily get a lender offering you the loan. You may use these loans for a holiday trip, marriage purpose or for home improvement according to your personal interest without the interference of lender.

In order to get the loan sanctioned you have to fulfil some requirements stated below:

a) you must be the resident of UK

b) you must be above 18 years

c) you must have a regular employment

d) you have to submit the proof of you name, address and employment

e) You will have to give the details of your monthly income and expenditure.

You can easily get the loan by filling the application form available at lender's office or on internet if you satisfy all the prerequisites. The loan amount goes up to £25,000 with a repayment period of 10 to 15 years. The interest rate is generally high as the loan is unsecured and you hold the bad credit record. This enhances a sense of insecurity in lenders and the high risk involved forces them to impose a high interest rate. It is advised to you to search the market well before going for a loan to get a cheap loan as various lenders offer various interest rates. Also you should be punctual in repayment as in case of delay the interest rate will increase further.


Bad credit personal loans are offered to people with bad credit history for their personal use without keeping any security. The high risk involved in these loans is compensated by the high interest rate so you must be careful before going for it. Also timely repayment is must so that you check the flow of your money in the hands of lender.

Johnty Flemming is an MBA in finance and has a rich experience of writing on topics related to finance. If you have any queries about bad credit secured loans, bad credit secured loans UK, bad credit personal secured loans visit

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