Tide over Sudden Demand for Money Easily

11 February 2013

You are living on DSS benefits for the past several months as your factory retrenched several workers due to technology up gradation. You are in search of a job and in the meanwhile manage to survive on DSS benefits.

Amidst this cash shortage, you face a crisis, where substantial money is needed and you are worried about where to arrange money to solve the crisis.

You can find a tailor-made solution through loans for people on benefits. Keeping in mind financial condition of those on benefits, lenders provide loans at reasonable interest.

Even repayment tenure is fixed to suit the measure surplus available to such people, which can be used for loan repayment.

Usually, through these loans lenders extend sufficient financial help to match sudden cash requirement of the borrowers. As a precautionary measure, lenders take into account your repayment capacity and calculate your loan amount. Loan repayment tenure given will be long enough to suit your small budget.

Lenders are aware that it may not be possible for you to pledge valuables against the loan; hence, they offer loans for people on benefits without asking for security, which helps you immensely.

In addition, lenders do not even bother with credit checks, because they are sure most of those jobless people have one or the other credit issues. In the bargain, you get away with a loan even if your credit rating is low.

You have to log in to the lenders' portal to apply for the loan, because lenders accept applications only through online mode. There is no time restriction and you can apply at any time you are free.

Online submission is paperless and you are not required to call on lenders to submit application in person. Lenders do not charge any fee while accepting your application.

Since you are not required to fax any document justifying your eligibility, lenders process your loan based on information furnished in the application. This ensures fast approval of loan, which results in the immediate transfer of money to your bank account.

Summary:-

While you are managing your expenses on DSS benefits, if you need extra money, lenders help you with loans for people on benefits with simple formalities. Repayment will be within your means due to lengthy tenure given by the lenders.


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