By opting for these loans, one can arrange advances without any hassle. There is no credit checks involved and even people with not so good credit history can take advantage of these loans. Dont worry if you have been proved insolvent, bankrupt or have arrears, defaults or CCJs up your sleeve. These loans are intended to provide relief to all kinds of people including ones with a long list of bad credit. These loans are provided only for the purpose of weddings.
These loans can be repaid back in maximum 10 years time. So, one need not hurry or be stressed about repayment. Since credit checks are not done for Wedding loans for people with bad credit, a large portion of the people can make use of these loans. Also, since there is no need for any collateral, there is no risk involved for the borrower. in order to eligible to apply for these loans, one needs to fulfill certain criteria:
The applicant must be a domicile of UK.
He must be over 18 years of age.
He should have permanent job that provides him a regular salary.
He must also have bank account that has been operational since past 3 months.
If he satisfies these points, he can apply for these loans and the lenders would provide the desired cash within 24 hours of application. The cash that you gain can be utilized for several purposes including expenses on the wedding venue, caters, honeymoon, decorators, shopping, music, wedding dress etc. these loans can be of two types: Secured and Unsecured. If you want to pledge any collateral, you can apply for the secured type and vice versa for the other. You would need to pay higher rate of interest for the unsecured loans as here; the total risk is of the lender.