12 month payday loans

Do you have a bad credit score and you urgently need a loan? Finding someone to become your guarantor requires a lot of time. No need to panic, there are many direct lenders from UK who approve unsecured 12 month loans instantly.

What is a 12 month loan?

This is a loan that requires you to pay back within a period of 12 months. UK direct lenders gives you the opportunity to access this loan easily, no guarantors required, no credit check all you need is to submit your application, get approved and receive your funds in a short period of time.

Requirements of taking an unsecured loan.

There are almost no requirements of taking this loan all you need is the proper identification, you must be over the age of 18 years and a source of income. Before, it used to be very difficult to apply for a loan and get approved especially if you have a bad credit but with time financial institutions realised that they were restricting many people from applying from loans just because of reasons like bad credit, but now things have changed for the better and you don’t have to worry about having a bad credit score or a guarantor anymore.

Benefits of taking a 12 month unsecured loan.

  • The main advantage is that you don’t have to have a perfect credit score neither do you have to have a guarantor for you to get approved of your loan.
  • The loan is granted immediately it has been approved.
  • You have a chance to improve your credit score.
  • The fact that you don’t have a guarantor makes you solemnly responsible for your loan.
  • There are many direct lenders in the UK making it easy for you to choose the preferable lender.
  • No collateral needed.
  • No collateral is required.

This kind of loan is mostly taken for:

  1. Paying off debts, for example if you have reached the deadline of an existing loan and you don’t have an altered place you can take another loan.
  2. Buying urgent staff. It could be household or office staff.

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