Many of us are entirely dependent on our monthly salaries to cover our day to day expenses. As trivial as they may seem, sundry expenses, no matter how small, add up to form large amounts. However sometimes emergencies arise, causing large unanticipated expenses, due to which your salary is not enough to meet your daily financial needs. In such situations, one may feel helpless and deprived. It is especially hard for someone with a less than perfect credit history to get financial assistance from banking institutions. But there is an option tailored for someone in this kind of situation: 12 month loans.
Anyone who is above 18 years of age, UK citizen, possesses a bank account, and is employed by a reputed institution can avail of this loan. Furthermore, the 12 month loans are available immediately, and do not require any extensive paperwork because you have the option of applying for this loan online. The online application simplifies your life because once you have filled out pertinent details online and your lender has verified that these details are accurate, you can have the money transferred directly into your account within 24 hours.
Your credit history has no bearing upon whether you receive this loan; someone with a history of debts, bankruptcy, and defaults can avail of this loan without any problems. You can borrow between £80 to £1500, and do not have to repay this loan for 12 months. Failure to repay the loans can result in legal action being taken against the borrower. The rates of interest on a 12 month loans is fairly high but due to its convenience, the fact that all salaried professionals are eligible for it irrespective of their credit histories, and because one can obtain it instantly, with minimal waiting period, the rates of interest are well worth it.
Lera Thomas is a well-known name in the world of finance and has penned several notes and research papers on different types of loans and other financial services. For more information related to 12 month cash loans, 365 days cash loans, short term cash loans please visit http://www.6monthpaydayloanss.co.uk/12-month-loans.html.
Article Source : Ezine articles
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