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Frequently asked questions

What is an unsecured loan?
Unsecured loan is any loan that is not backed by collateral. Any borrower who does not have any security available can apply for an unsecured loan.

What does the term APR signify?
APR is the yearly cost of the loan, which takes into account the fees, and other costs incurred to acquire the loan.

What kind of bad credit can get unsecured loans?
Almost all bad credit which includes defaults, arrears, late payments, bankruptcy, CCJs can get unsecured loans. However, with multiple bankruptcies, or if you have applied for bankruptcy in the current year, it might be difficult to get unsecured loans.

Will my personal and confidential details remain secure?
Yes, Bad Credit Unsecured Loans ensure that the privacy of our customers remains intact. All applications are treated in the strictest of confidence, and we do not pass customer information to any third party.

What can I use the loan for?
There are no restrictions as to how you use your unsecured loan.

 

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. A fee between 0% and 10% of the loan may be charged on some plans depending on credit history
and ability to prove income. Example: Loan of £15,000: 120 monthly repayments of £204.66, 10.4%APR variable. Loans secured on residential property.