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How Can I Prevent Using My Address When Applying For Loans

by Jim ONeil on January 31, 2011

in uk loans news

Each lender requires that different information be supplied on the loan application. In most cases, this will include the mailing address because the individual must be a resident of the UK. However, not all lenders require that applicants fax proof of residency, making a faxless payday loan a more convenient option for those who need quick access to a small amount of cash.

If the individual does not feel comfortable providing the mailing address, there may be another option. Some lenders may allow a PO Box to be provided. The PO Box service allows the mail to be collected from the local Royal Mail delivery service rather than having it delivered to the home. The mail is sent to the local delivery office, where it is stored until it is picked up by the box holder.

To apply for a PO Box, the individual must be over 16 years old and supply proof of address. This can be done by submitting a landline phone bill, utility bill, building society or bank statement, council tax

bill, or Royal Mail account number for another existing service. PO Box service costs £60.00 for six months or £95.00 for one year.

It takes approximately two weeks for a PO Box to be set up, so individuals should allow a proper amount of time prior to applying for a loan. The application can downloaded from the Royal Mail Web site and mailed with proof of identification and payment. For mailing, there are Special Delivery Next Day or 9:00 AM options.

Not all lenders permit loan applicants to provide only a PO Box address. If supplying the mailing address is a concern, do some research to find a lender who allows PO Box addresses and for whom the lending criteria are met. This is a discrete way for individuals to apply for a loan without worrying about negative repercussions.

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Obtain a copy from the bill in the tax district. Although tax enthusiasts routinely send property tax bills simply to the mortgage company they’ll give back a duplicate upon request. Most can flag your record to instantly give back a duplicate of bills, assessment sheets, payment receipts, etc. It is best to request replicates for your own personel protection! I’ve had mortgage loan companies settle payments late and needed the compensated receipt as proof to visit following the loan provider for that penalties and interest.

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Finding a bad credit lending company can take a little bit of work to find the good one. When looking to buy a new or used car for example, the dealer may offer bad credit financing, or refer you to a lender. Car buyers should consider arranging their own financing.

Unless you have a pretty decent credit score, it might be a better idea to look at your credit report and see what you can do to improve your credit score. A good score will get you the best rates at the best loan terms.

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