Wednesday, 4 June 2014

Guaranteed Loans for Bad Credit - Loans Directly By the Lenders

There are various loans in the market being raised for the bad credit scores of the people but guaranteed loans for bad credit are the best suites ones as these loans are directly availed from the lenders. There is no involvement of the broker or third party and thus these loans also eliminate the risk of leakage of personal information of the borrower. These loans can be availed by submitting the online applications as well.

The online requests are processed instantly and the loan amount is transferred in the bank account of the borrower almost on the same day of application. The loan can be secured and unsecured depending on the need and also affording capacity of the borrower. Usually the lenders raise the amount within the range £80-£1000. The amount is given for the period of 30 days. Lenders keep the rates of interest quite higher as this is the short term deal.


Individuals who wish to get the guaranteed loans for people with bad credit direct lenders must meet the eligibility criteria of the lenders. The eligibility criteria for all the lenders is found to be common and involves the citizenship of UK, age criteria of minimum 18 years, employed and availability of the bank account.