Banks are generally the first choice of any borrower seeking for a loan because of multiple benefits. One of the major advantages that overshadows every other merit is that they charge considerably low interest-rates. On the other hand, for anyone who has a bad credit history or requires a decent amount of money for an emergency, well, one can say goodbye to that alternative. The documentation and verification process in the banks or in fact any middlemen or broker can take a lifetime. This defeats the sole purpose of emergency or payday loans, which are an urgent requirement.
At the same time, receiving a loan from an authorised lender in the UK has been much appreciated and availed by hundreds of borrowers across the globe because of the readiness and guaranteed loan approval. With ‘12 month loans with no credit check‘ scheme, one can even repay the loan within a long installment of 12 months so that the loan repayment doesn’t cause further problems to the borrower. Here, we will go through a few advantages of this loan type.
1.Pay your extra or due bills
Have you overspent and the credit bills are piling up? Is the credit penalty too much too bear? In case a direct lender is providing a lower interest rate, it is always better to opt for another credit to pay off your pending dues.
2.Improve your credit score
Bad credit is a ghost of your past that could haunt you forever if you don’t do anything about it. To make a positive impact on it, it is advisable to take loans and this time repays them on time. The problem with banks in these cases is that they do not approve of such a loan. So, direct lenders can help you overcome this problem. Without any credit check and as per your ability to repay the loan, you can take some amount of loan and once you have a decent credit score, you can easily opt for loans with credit check, which will cost you less interest.
3.No More Days for the Loan Approval
The advantage of direct lending apart from guaranteed loan approval is that the entire loan deal could be completed within 1 day or even lesser. All you need to provide is a legit document pointing towards your ability to repay the loan. For salaried, self-employed and even people with benefits, 12 month loans with no credit check scheme is up for grabs.
4.Free Loan and Financial Consultation
While you approach direct lenders, the best part is – Since they provide end-to-end loan services, you can get best-in-industry financial advisers and loan consultants, who can assist you, take the best loan deals as per your personal circumstances. In case a direct lender is not able to resolve your issues and provide the best solutions, or if you feel that their agent is not a financial expert, you must consider it a red flag.
Additional Deals When You Connect with a Direct Lender
Since there are no brokers, therefore, the lack of middlemen allows customised loan deals catered as per your specifications. You can ask the concerned lender to see the availability of early loan repayment option. Furthermore, make sure that no hidden charges are involved in the entire process.
These loans can be taken using collateral if you are looking for a big amount with a lower interest rate, with a guarantor if you have a volunteer to vouch for your ability to repay the loan, or simply your bank statements for unsecured loans. Whichever case it may be, as long as you have a legit document, direct lenders can guarantee your loans that you can repay under a long period of 12 months.
Read Also:-What are the Possible Alternatives of Loans with No Credit?
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