(1) What are bad debt loans?
Ans: Bad debt loan is a debt consolidation loan designed particularly for borrowers who have suffered or continue suffering from bad credit history.
(2) What are the eligibility criteria for approval of bad debt loans?
Ans: For approval of bad debt loans individuals are required to meet some qualification like he has to be in continuous employment for over 90 days with minimum monthly salary of £1000, valid current bank account and over 18 years of age.
(3) I don’t have any assets to submit as security, so can I apply for this loan?
Ans: Yes, you can apply for this loan. Bad debt loans arrange Instant money and you are not required to keep asset as security.
(4) How much money I can avail through the bad debt loans?
Ans: You can avail amount ranging from £1000 to £25000.
(5) What is the repayment duration of the bad debt loans?
Ans: Repayment term for bad debt loans depend upon lender to lender.
