Thursday 24 March 2011

Loans for People With CCJs: Better Option for Poor Credit Scorer People

If you are suffering from CCJ then it is poor credit tag with low down your score. CCJ means country court judgment it means that this judgment is given by court. Everyone knows that court will pass such kind of statement only when you will fail to pay off loan on time. This tag will become hurdle at the time of approving loan because at time of approving aid every lender will check your credit score and after that he will rejects your application. No need to lose heart still one door is open for such people Loans for People with CCJs. You can apply for this aid at any point of time.

In CCJS loans lender will offer you two types of aid secured and unsecured aid. In secured aid you have to pledge any of your valuable property with lender against amount. In this lender will offer you huge amount with low rate of interest. Remember that the amount lender will offer would be according to the worth of assets. Here you will get amount which will vary from £ 25000 to £ 75000 and you have to pay them back from 5 to 10 years.

In unsecured aid you are not required to pledge any of your property against amount with lender. In this people like tenants, non-homeowner and many more can also apply for this aid. In this lender will offer you amount which will vary from £ 1000 to £ 25000 and you have to pay back money from 1 to 5 years. You can apply for any aid according to your needs on time.

Eligibility criteria:

• Borrower should be citizen of UK
• Must have regular source of income
• Minimum age should be 18 year
• Necessary to have valid account in the bank

To avail Loans for People with CCJs you need to fill online application of loan. In that application you need to fill some of your personal detail which will be used by lender for doing verification. After getting satisfaction he will transfer the amount into your account.

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