Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ Follow Us on Pinterest Follow Us on Tumblr Visit our YouTube Channel Subscribe to our Feed Subscribe via FriendFeed

Connect With Us

Unsecured Loans For Unemployed Tenants In UK

by Jim ONeil on September 13, 2010

in Finance For Unemployed

Post image for Unsecured Loans For Unemployed Tenants In UK

If you have been a resident of the United Kingdom for the longest time and you are currently feeling the financial crunch, you must be one of the many unlucky laid off demographics.

And to add insult to injury, you cannot apply for a loan considering the fact that you are just renting a house, hence, no fitting collateral for emergency financial help, and the rent is almost due.

They say bad luck comes in threes and it became true to you since you have bad debts before, messing up your credit history.

As they say, when you are really down, there is really nowhere to go but up. And the path that leads the way to recovery is unsecured loans for unemployed tenants in UK. This simply means that if you are not currently gainfully employed and you do not own any property to serve as collateral for a loan, there is still a type of loan available for you – the unsecured loans for unemployed tenants in UK.

However, there are minimal requirements that you need to pass in order to be eligible for unsecured loans for unemployed tenants in UK.

Just keep in mind, this type of loan is designed only to temporarily assist you in times of dire financial need, not support you forever. And the intention to pay back is manifested by your enthusiasm to get a job as soon as possible. This loan is only set to alleviate your dilemma in the meantime.

First off, you need to prove that you have been a citizen and a resident of the United Kingdom and that you have no intention of leaving. Of course, the financial institution would want some assurance that once you find a way of earning again, they would be able to locate you for payments.

Second, you should be of legal age, meaning 18 years old or above and that you are capable of repaying the loan, say for example, you are a college graduate and that in the near future you can secure a job.

There is also another type of instant cash loan for the unemployed – the secured unemployed loans. In this type of loan, the interest rates are lower and the monthly installments are smaller, but a matching collateral is required.

So set your goals in acquiring another job as soon as possible and let the unsecured loans for unemployed tenants in UK take care of your current financial obligations like food, bills, education, and other miscellaneous stuff.

Comments on this entry are closed.

Previous post:

Next post: