Eliminate extra cash needs in a reliable manner

21 February 2009

Introduction

Loans for people on benefits are specifically designed for the people who are living their life on the benefits provided by the departments of social security because they are physically challenged due to several reasons like less than 16 hours of employment per week or due to bereavement, disability or support due to some other crisis. Homeowners and tenants are similarly eligible for these loans without placing security while availing its unsecured form as it do not require any security from the applicant.

Eligibility criteria

All the needy dependents whether they have whatever credit are still able for such loans but they have to meet a simple eligibility criterion of such loan. As: Borrower must be an adult, he must be living on benefits provided by the Department of social security for last 6 months, he must be a permanent citizen of United Kingdom, having a same residence for last 1 year yet it is no matter his own or not. He must have possessed a active bank account in any reputed bank of UK along with the saving atleast 800 in case if he wishes to get the loan amount up to 500. And the most prominent thing which is needed is loan amount pay back ability in the applicant.

Features

Loans for dss are best suited for disabled one too who wish to pay for their unexpected expanse like sudden medical expanse, paying some dues, paying pending bills as electricity bill, utility bill, grocery bill etc. as it offer sufficient cash in between 500-10000 depending on the needs of the applicant besides the repayment ability including saving.
 
Normally these loans have to be procured in an unsecured manner. Since the risk for the lender is quite high in such cases, but these loans are either interest free or low on interest according to the circumstances of loan seeker.

Loans for people on Dss benefits arrange cash in between few hours for all whether they are suffering from defaults, arrears etc. Homeowners and tenants are similarly eligible for these loans without placing security.

Summary

Loans for people on dss benefits are available in UK loan market. These loans are especially designed for those living their life on benefits due to disability or other crisis sometimes needs extra cash. They can get these loans for their needs if they have saving at least 1000 without placing security even with their bad credit within 24 hours of applying. It does not include documentation and hassle less.


Representative APR Example:
You Borrow 900 You Pay 1116 Representative APR 1223.6% (Variable)

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk