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

Feasible fiscal solution for the disabled

28 November 2009

It is quite problematic for people live on benefits to arrange funds for all of their needs as there are some needs which require huge finance. It is true that DSS benefits provide a fixed financial help at a fixed time to disabled people, which may not be sufficient to carry out all of their important financial needs. Thus, to get more funds they may decide to take up DSS loans. DSS loans can be the most fruitful financial tool for the people living of DSS benefits. Loans For People On Benefits can be an effective medium to get rid of financial worries on time.

DSS loans do not involve any credit check formality. Thus those holding poor credit records are all acceptable, such as:

• Defaults
• Bankruptcy
• CCJs
• Arrears
• Late payment and
• IVA

These loans can be endowed in two ways that are secured DSS loans and unsecured DSS loans. To get secured DSS loans you are required to place any of assets as security to the lender against the loan. With these loans you can avail amount ranging from £5,000 to £75,000 for the longer reimbursement term of 5 to 25 years.  

Conversely, for availing unsecured DSS loans you are not required to place any collateral against the loan. These loans follow high interest rates due to the absence of security. With unsecured option you can grab an amount varying from £1,000 to £25,000 for the repayment tenure of 1 to 10 years.

The amount borrowed from loans for people on benefits can be used to carry out various important fiscal needs such as debt consolidation, wedding expenses, paying of urgent household expenses, arranging a trip and so on. There will not be any constraint on the usage of the loan amount.

Summary

DSS loans can be a fruitful financial source for the people living on DSS benefits. These loans are especially designed to provide financial aid to the DSS people so that they can conveniently satisfy their monetary needs. You can select any of its forms as per your needs and repaying ability.

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