Sometimes it is not easier to repay
the cash that you borrowed for emergency purposes. In that cash you can explore
loans over 12 months as these payday loans products are designed to give you
more time to repay as per your convenience. These loans allow you to reduce
stress on your next payday and you have more money left in bank for other
necessary uses.
If you are currently employed and
are getting monthly salary for past at least six months and you are a UK
citizen having a valid bank checking account, they you are eligible to borrow
cash under these payday loans products. Your age at the time of applying for
the loan must be at least 18 years of age.
Under bad credit loans over 12 months you have
access to any amount ranging from £100 to £1500. a post-dated cheque of the
borrowed amount and interest charges is usually enough to secure the loan. You
can either repay on your next payday or pay the interest only and continue
extending the principal amount for 12 months. This specially helps when you
have borrowed larger cash.
Your risky history of making
defaults and late payments or CCJs in your name are of no concern to the
lenders as they do not make any credit checks on the applicants and do not pull
your credit report. This means that these are ideal loans for bad credit
history people.
But a disadvantage may be the high
APR. Sometimes, due to continued extending of the principal amount means that
the interest payments become burdensome and it may result in debts.
So, take our loans over 12 months only after
finding out some competitive offers from online lenders. Repay the loan on the
due date to avoid debts and borrow only for emergency purposes, as these are
expensive loans.
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