Some common questions in your mind…!

1. What is a bad credit Loan?
   
Ans. Loans for bad credit are the loans that have particularly designed for people who are bad creditors so that they can fulfill their financial requirements.
2. Who can apply?
   
Ans. An adult citizen of the UK or USA can easily apply for bad credit loans. Just consider your repayment ability in advance.
3. What is meant by Bad / Adverse / Poor Credit History?
   
Ans. If you have a bad/adverse/poor credit history it means you are suffering form debts and defaults because of which you are not able to get a loan.
4. How much can I borrow?
   
Ans. The amount depends on your in hand salary as well as the collateral that you can put up. According to this, you can get finance in the range of £1000 to £25000.
5. What I have to do?
   
Ans. To get bad credit loans, you need to file an online application form with correct personal details.
6. How will I get my money?
   
Ans.After the approval, the money would be directly transferred into your bank account.
7. When will I get the cash in my account?
   
Ans. As the lender finishes the verification process, you would get an approval and the funds would come into your bank account.
8. Canloans for adverse credit be utilized for paying off my debt?
   
Ans. Yes, you can utilize bad credit loans to pay off your debt.
9. Is there any need of Faxing?
   
Ans. We believe for the convenience of the customer. There is no faxing hassle as the transaction process is online
10. What if my situation transforms or if I need more information?
    
Ans.There would be no problem as we have an absolutely customer friendly approach.
11. What are instant decision bad credit loans?
    
Ans. Instant decision bad credit loans offer finance to bad creditors as soon as possible. The process of approval and access is instant.
12. How much time will a lender take to give a decision on my loan application?
    
Ans. The lender generally takes 4 - 5 working days at most.
13. What can I use my loan for?
    
Ans. You can use your loan for any purpose, for instance to consolidate your debts, pay your rent, buy a new car, pay for a holiday, and so on.
14. With the help of the loan, can I consolidate my existing debts?
    
Ans. Yes, with the help of the loan, you can consolidate your debts.
15. do you accept applications from people who are bad creditors?
    
Ans. Your bad or adverse credit is not our concern. Your application would be accepted even if you are a bad creditor.
16. What happens after the application is submitted?
    
Ans. As you submit the application, it goes to the lender for the process of verification.
17. Will the interest rates be higher?
    
Ans. We understand the condition of a bad credit, therefore, we try and arrange loans at competitive rate of interests.
18. What if I cannot offer collateral?
    
Ans. No need to worry if you can not give collateral. The lenders with us are least demanding.
19. How long do I have to repay my loan?
    
Ans. The repayment period depends on your present circumstances and the amount borrowed. We have various settlement options to choose from.
20. Do I need to make a joint application if I am married?
    
Ans. No, there is no need. but if your spouse is the main earner it would help.
21. Can I borrow again in the future?
    
Ans. Yes absolutely, you can. It depends on your payment record and total borrowings.
22. What is the Interest Rate (APR) for the loan?
    
Ans.An APR is decided by the lender according to the amount borrowed, period of the loan and your present capacity.
23. Does Loans For Bad Credit History charge an application fee?
    
Ans. No, there is no application fee.
24. What amount do I have to pay back?
    
Ans. When you get the loan details from the lender, you would also get a total repayable amount which is decided by the lender according to the amount borrowed, period of the loan and your present capacity.
25. What are the monthly repayments?
    
Ans. When you get the loan details from the lender, you would also get a monthly repayment schedule which is decided by the lender according to the amount borrowed, period of the loan and your present capacity.
26. what is the time period to repay the loan?
    
Ans. The repayment period depends on how long you have asked for the loan to be spread over, lender’s agreement with it, the amount borrowed and your present capacity.
27. Will there be a credit confirmation from me?
    
Ans. . No, there is no credit confirmation required. You are only required to give your correct personal details to us that the lenders may check in order to offer better services.
28. With whom will my personal details be shared?
    
Ans. We value your personal details. It is used only by us, our associates and the lenders who are involved in your loan processing.
29. I want to cancel my application?
    
Ans. If you want to cancel the your loan application, please fill out our Contact Us form and a professional from our Customer Care team would contact you.
30. What is my credit score?
    
Ans. When you apply for a loan, your credit your personal details are calculated with the details obtained from the credit bureau. This is the score that is used by us which is absolutely different from what you had given us.
31. Do you offer payment protection insurance?
    
Ans. No, we do not offer payment protection insurance, though; you can attain insurance from a third party.
32. Why was I declined?
    
Ans. It is not possible for us to give the exact reason as the decline of your application my have any of the reasons such as the amount of debt that you have, the changes in your credit history, your previous payment style that may not suit us, insufficient or unsatisfactory information.
33. Are there any extra charges?
    
Ans. No, there are no extra charges. We absolutely have a customer-friendly approach.
34. Is my loan confidential?
    
Ans. Yes, it is certainly. You are our valued customer.