What are bad credit loans?
Poor credit history restricts individuals from borrowing money, and thus, they often look for the bad credit loans from the direct lender no broker to get smooth funding. As part of the personal loans, these loans are the specialised lending products for those with less-than-perfect credit scores.
Sometimes borrowing with higher interest rates bring positive outcomes for the borrowers such as quick funding access and improving credit scores if you keep making regular payments.
The rates are on the higher side because the lender is usually on the risk of lending those with not so good credit history. Still, some reliable direct lenders in the UK offer these unsecured loans on the competitive interest rates depending upon the affordability of the borrowers. However, these loans are also secured, and that will keep the interest rates on the lower side.
The better way to get instant funding is applying for bad credit loans online*. With not much documentation is involved, you only need to fill up a single page online form and submit it as soon as possible.
* You should be 100% sure that you can afford the loan repayments before signing the loan agreement. We will do the necessary credit check to go through your financial capacity.
WHY BAD CREDIT LOANS WITH NO GUARANTOR NO BROKER ARE PRACTICAL?
Perhaps, the most considerable concern in front of the people with poor credit scores is finding out the guarantor. It is due to the less creditworthiness of these individuals, as no one trusts on their financial capacity.
At the same time, lenders also put the condition of having a guarantor with good credit score and a homeowner. Thus, it becomes more difficult or it takes a lot of time. What will be the best solution to this?
The answer to this is bad credit loans with no guarantor and no broker.
Yes, these specified loans suit best to the above situation. You do not need any guarantor while e-signing the agreement on bad credit loans. This facility is largely from the direct lenders.
Instead of personal guarantee, lenders want to look at the income capacity of the borrowers. Their recent financial performance also matters a lot.
Does 24cashfinances offer Bad Credit Loans with No Fees?
Loans are meant for reducing the financial burden of an individual. It is up to the lenders what strategy they follow and what terms they levy on a loan deal.
The mainstream lenders are too much specific about the credit scores. They often deny the loan applications with bad credit scores mentioned or provide loans on hefty charges. Therefore, people with poor credit history often worry about their loan chances.
The responsible direct lender like 24cashfinances always takes care of each individual’s loan aspirations. We are ready to assist people with low credit scores and offer bad credit loans with no fees at all. Only the interest rates that borrowers need to pay.
Apply now for our exclusive deals on loans, which hardly take 5 minutes to complete from your PC, laptop, phone or tablet.
We relax you by taking an instant decision on your application and allow fund disbursal on the same day. The process is faster than the brokers, and there will be no fee in between.
No Upfront Fees
You can apply for the loans with no extra burden. Get an obligation-free loan quote and confirm the loan deal only after analysing the manageable interest rates.
No Early Repayment Fees
Whether you want to pay weekly instalments or monthly instalments, you can repay your loan early any time with not paying any early repayment charges.
No Broker’s Fees
We are the responsible direct lender and committed to offering loans in a quick process. You do not need any broker to reach us. Our online presence is all over the UK.
No Hefty Late Repayment Fees
Circumstances can happen when you struggle to repay the loan instalments on time. You should not worry because we do not charge hefty fees on late repayment.
24cashfinances always welcome continuous communication with its borrowers. Therefore, we expect that you call us anytime if you want early repayment or have to make late repayment. We find out the best solution for you.
Bespoke Offers on Bad Credit Loans for People on Benefits
If there are some restrictions, then there are many facilities for people living on benefits or unemployed people. These individuals often struggle with limited income, and thus they have to face a poor credit score.
We assist them too by bringing affordable deals on bad credit loans for people on benefits. Indeed, the loan approval criterion varies from other standard loan options, but it consists of these conditions:-
How much part-time income you are earning?
What is your ability to repay the loan?
What is your credit history?
If you qualify on these conditions despite poor credit scores, you can borrow funds without any hassle.
The salient loan features for the people living on benefits are:-
- More than 97% loan approval chances are there
- These are small loans and suitable for the financial emergency
- No collateral is needed, as these are unsecured loans for bad credit
- We offer loans on flexible repayment plans, which unemployed people can easily follow
- Loans are available only on your affordability to repay
These are higher interest rate loans but also have a higher acceptance rate. Borrowers have only one concern, i.e. such loans are expensive than usual. 24cashfinances vouches for the best deals to prepare for the concerned borrowers, including competitive interest rates.
Acceptance on Benefits
We are a new-age lender and have borrower-friendly loan deals. Unlike other mainstream lenders or private lenders in the UK, we are ready to accept applications of loans on benefits even if you have a bad credit score.
We can accept these benefits as the mode of making loan repayments:-
- Disability allowance
- Unemployment benefit
- Family allowance
- Severe disability allowance
We suggest you apply for bad credit loans for people on benefits only during financial emergencies. We bring quick approval when you have a sudden financial crunch due to unexpected bills, medical issue or car repair. You should not use loans for long term financial goals.