1 Year Pay Day Loan Bad Credit-12monthloansdirectlenders24hrs.co.uk

Thousands of people have a bad credit history that is not taken well by the lenders due to risks. However, you can safely apply for 1 year pay day loan bad credit in case you need some financial support immediately. The loan also is known for allowing the borrowers longer repayment duration.

Bad credit means there are multiple risky faults mentioned in your credit report. While other lenders pull the credit report from the credit rating agencies before issuing a loan, but that is not the case here. These are cash advance loans that you can promptly get in the same day without any credit checks from the lenders. Hence, you are not supposed to reveal your past late payments, defaults and CCJs cases to the lender.

However, there are some pre-requisites that you have to follow. You must be at present employed and getting monthly salary for past six months at least. A valid bank account is also necessary to receive the loan.

You can easily borrow cash in the range of £80 to £1000 in the same day in spite of your bad credit history. In most of the cases, the lenders dispatch the loan amount within 24 hours directly in the borrowers’ bank account. The applicants are allowed to make use of the loan for any personal purpose such as timely payment of bills, repairing of car, weekend tours and for any other urgent works.

Another advantage of these cash loans is that you have the options in repaying the loan. These are unsecured personal loans for a short-term of two weeks. The lenders will set your next payday for repaying the loan. This ensures that you can immediately get rid of the loan and interest repayment in quick time to save the money on interest payment. However, you can also settle for a longer duration of more than a month for repaying the loan.

It is always a prudent move to scan the loan marketplace extensively in order to find out competitive offers of cash. Since there is usually high APR on such urgent loans, competitive lenders can be of good use in reducing your overall interest payments to some extent.

Make it sure that repayment of instant 1 year loans is on the due date to avoid penalties that are an additional burden on your paycheque. Borrow the loan only for urgency and get rid of the repayment as soon as you can.