For those who have CCJs, poor credit or have missed a few payments, it may seem nearly impossible to find finance. Many lenders will charge check you and automatically reject you based on your past credit history, which then contributes to the rejection. However, there is a solution, and that’s to apply for a loan that does not need a credit check. There are lots of types of loans that you can be approved without a credit check. Primarily you will find payday loans, which are short-term loans made to tide you over from payday to payday. Most payday loans companies won’t credit check you provided that you meet their criteria for financing. Usually, this means that you ought to be in employment, earning a specific sum each month usually around #750 and also have a debit card with which the loan may be repaid. Visit the following site, if you are hunting for more information concerning same day logbook loans.
These loans are just short-term options and are usually for a maximum of 60 days. If you’ve got a relatively new vehicle that’s clear of finance you may be able to find a logbook loan. You do not have to hand the car over; you maintain the use of the car but release some of the equity in it to secure the loan. As the loan is secured on the vehicles paperwork, you don’t have to be credit checked to find this sort of loan. Log Book Loans are available for between #100 and #50,000 and how much you can borrow depends on the make, model and condition of your car. Usually, to get a logbook loan, you will need to be the registered and legal keeper of the vehicle. Some lenders require that the vehicle should have a current MOT and tax to lend.
Logbook loans are for a longer duration than payday loans usually up to two years. Doorstep lenders can provide cash loans of up to approximately #500 that is accessible to even those who are unemployed. Loans are handled by local agents who call at your address to collect the payments each week. Such loans are done entirely in cash, the repayments are fixed, and the agent provides a handy collection service for payments. These loans may be repaid over up to a year. Lastly, if you will need to borrow more than #500, then a guarantor loan is a fantastic option for you. These loans which can be up to #5000 or so, require you to have a guarantor who will guarantee you’re great for the loan. If you can’t repay the loan, the guarantor will take over. Locating a guarantor isn’t always easy, but a relative or close friend may be willing to assist. Generally, they need to be over 23, a homeowner and to have good credit.