Representative APR Example
£350 borrowed for 30 days. Total amount payable by one repayment: £434.
Total interest payable by one repayment: £84. Representative APR 1223.6% (Variable)
Loan
£0
Period
0 Day(s)
Interest : £0
Repayment : £0

Cash loans no more a hurdle for Dss beneficiary

3 December 2008

Introduction

You are in situation which makes you completely out of cash and your debt drilled hole in your pocket? Then don’t worry payday loan lenders are here for you to make you free from the stress of debt or no credibility due to insufficient sum of amount. They offer cash loans for people on benefits especially design it for such situation and simultaneously, to provide the cash relief those also who are living their life on dss benefits due to some uncalled incidents. In case if you may reject form any regular loan lender due to having a bad credit rating or disability then it is the right and apt solution for you. These loans are basically providing the cash for a short duration.

Who are eligible to get approved for this loan?  

While applying for loans for people on benefits your bad credit couldn’t stop you from applying for it, whether you are a good creditor or bad creditor. There will be neither any credit check nor any other kind of asset is required from the applicant to being approved for the loan. There are only few easy requirements that needed to fulfill such as:

  1. Borrower must be on DSS benefits for last 8 months.
  2. He must be adult citizen of UK.
  3. Have possess an bank account on his name simultaneously have saving at least £800 in case of acquiring minimum £500.
  4. Must be a permanent resident for last 1 year.
  5. Must be capable to repay the loan amount on said duration.

Applying and getting approved is quick and convenient for those who meet the certain eligibility criteria of the loan. Online lenders can approve your application quickly and you'll have the cash you need as soon as the very day you are applied.  

Some of special features

Payday loan lenders do not check your credit report or contact your employer, except as necessary to verify capability of repayment and only the verification of the information you provide. These loans are beneficial for the purpose of fulfilling the dreams along with the temporary and emergency crisis that arise that occurs on you without any information and Department of social security provide help only for the purpose of meeting the daily expanse not for the purpose of fulfill the dreams or meeting the emergency expanse.

Simultaneously, those who are tenants and have nothing to pledge the security of any regular loan; also have the ways here for them. Payday loan lender offer unsecured loans for people on benefits especially for such circumstances. 

You can be approved for the amount up to £500; it totally depends on your saving as well as your need. It will help in times of emergency which cannot be withheld despite your scarcity of funds. Some urgent monetary requirements are so intense in nature that any delay in meeting these needs may result in a major loss but when loans for people on benefits are here available for you then you have won’t be worry any more. 

Summary

If you are living on benefits due to some uncalled incidents simultaneously suffering from the problem of bad credit rating then there is no more a hurdle to you if you have any emergency as you may access cash loans for people on benefits from the site of loans for people on benefits. These loans are providing extra funds for short but flexible duration which can be extended in situation of inability of repayment. There is no worry of credibility as it designed especially for such circumstances.

The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan with one of our carefully selected panel of leading Payday Loan Lenders in UK. The personal, financial and employment information that we collect is stored electronically during the duration of the application and is removed from our system upon acceptance from the lender.

We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place. It is not worth risking your credit rating for such a small amount.

PLEASE READ TERMS & CONDITIONS OF LENDERS OR BROKERS BEFORE PAYING ANY UPFRONT FEES.

Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions

Warning: Failure to meet your repayments can have serious financial consequences. For help, go to moneyadviceservice.org.uk