There
are various factors such as arrears, late payments, due credit card bills,
CCJs, IVAs and bounced cheques that lead to the bad credit scores to the
people. But now the people having the bad credits are being helped directly by
the lenders. The bad credit loans direct lenders do not involve the third parties and the brokers for making the
deal and the lenders are in direct contact with the borrowers. These are the
loans are availed in case of the short run necessities hence these incur the
higher rates of interest to the borrowers.
Now
the borrowers can log on to the website of the lenders and submit their request
for loan. The online applications are processed instantly and the borrower is
contacted by the back end team to complete the loan process. The borrowers
interested can apply for the amount according to their need but the lenders
raise the amount in the range £80 to £1000. These loans are thought to be
repaid over the period of 30 days.
The
bad credit loans direct lenders are
not for every individual residing in UK
as the lenders raise these loans only for the permanent residents of UK
