anjella's FotoPage

By: anjella smith

[Recommend this Fotopage] | [Share this Fotopage]
[Archive]
Tuesday, 16-Sep-2008 05:50 Email | Share | | Bookmark
Bad Debt Borrowers Can Avail Bad Debt Unsecured Loans

If you are looking for a loan against your bad debt then consult the lender that deals with the bad debt unsecured loans. Bad debt unsecured loans are beneficial to those borrowers who are looking for a loan without placing a guarantee.

If you have arrears, defaults or CCJ's against your credit score then you can meet your needs with bad debt unsecured loans. Tenant who don’t own a home or any valuable collateral finds bad debt unsecured loans as a realistic option. But homeowners with bad debt who do not wish to put their home on risk can apply for bad debt unsecured loan.

For bad debt unsecured loans, borrower doesn’t have to place collateral against the loaned amount. The amount that borrower can borrow for bad debt unsecured loan vary with the lender. In bad debt unsecured loan, lender usually offers loan amount as low as £1,000 to as high as £25,000. In some special cases, lenders may extend the loan value depending upon the borrower’s present financial situation. The repayment term usually ranges from 6 months to 10 years.

Bad debt unsecured loans offer higher interest rate as lender has no claim on any asset in case of total failure in the repayment, so he charges higher interest rate to compensate the repayment risk.

Bad debt unsecured loans are equally appropriate for home improvement, education, debt consolidation, vacation, automobile purchase or wedding.

Moreover, with the bad debt unsecured loan borrower can improves his bad debt or poor credit status to good debt by paying off the loaned amount on time i.e. by avoiding the missing or late payments.

The internet has made the thing at an ease for all the borrowers, especially borrowers with bad debt. Bad debt borrowers find easy to deal with the different lenders at a given time. Moreover, with online mode bad debt borrower feels secure and confident while dealing with their queries.

Source:-
http://www.ezinearticles.com/?Bad-Debt-Borrowers-Can-Avail-Bad-Debt-Unsecured-Loans&id=643430


Saturday, 9-Aug-2008 11:16 Email | Share | | Bookmark
Bad Debt Loans - Give Yourself A Break From Bad Debts Now

Borrowing money recklessly and without any forethought can lead to financial problems. Unpaid loans cab lead to bad debts of the borrower. If the borrower needs money in such a situation, he can take up bad debt loans and solve his problems.

Bad debts are a result of missed repayments of the loan amounts that the borrower took up in the past. These bad debts lead to lowering of the credit score of the borrower and worsen the status of the credit history of the borrower. Bad credit history is the direct result of the bad debts of a borrower.

Bad debt loans can be taken up by the borrower in two forms of the secured and unsecured nature. Through secured bad debt loans, the borrower has to pledge his asset as collateral with the lender. The asset can be his house, car, stocks or bonds etc which have a high equity value in the market. An amount in the range of £5000-£75000 can be borrowed on the basis of the equity of the asset. The amount is to be repaid in a term of 5-25 years.

Unsecured bad debt loans however, do not require any asset to be pledged. They are totally collateral-free and have to be repaid in a term of 6 months to 10 years. They offer an amount in the range of £1000-£25000 for the need of the borrower. The rate of interest is slightly higher for unsecured bad debt loans due to the collateral-free nature of the loans. The rates can be lowered by proper research for the loan deals available in the market.

Online research for bad debt loans helps in thorough comparison of the loan quotes that are offered by numerous lenders in the online financial market. Bad credit borrowers can also avail low rate deals for bad debt loans.

Bad debt loans can be used by the borrower for fulfilling any needs like debt consolidation, home improvement, wedding expenses, educational funding etc. All needs can be fulfilled easily now for those borrowers who have bad debts to their name.

Source:- http://ezinearticles.com/?Bad-Debt-Loans---Give-Yourself-A-Break-From-Bad-Debts-Now&id=728868


[Archive]

© Pidgin Technologies Ltd. 2016

ns4008464.ip-198-27-69.net