Features of bad credit - PowerPoint PPT Presentation

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Features of bad credit

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Many people face loan rejection because of a bad credit score. Here are some features of the bad credit loans for such borrowers. – PowerPoint PPT presentation

Number of Views:25
Updated: 30 September 2019
Slides: 9
Provided by: shanerobert
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Title: Features of bad credit


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https//fleetquid.co.uk/
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What is a bad credit loan?
  • These bad credit loans are taken when the
    borrower is having a bad credit history and is
    struggling in getting a loan from other banks.
    The borrower has to place collateral with the
    lender, and he gets the amount worth the value of
    the asset with reliable interest rates.

https//fleetquid.co.uk/
3
Features of Bad credit loans
  • No credit check
  • Bad credit loans are for the people with bad
    credit history. Borrowers with low or poor credit
    score can apply for this loan type and fulfill
    their financial requirements.

https//fleetquid.co.uk/
4
  • Quick processing
  • The whole process of the loan application is
    done quickly. There is not much documentation
    required. The borrower has to just submit few
    documents for the loan to get approved.

https//fleetquid.co.uk/
5
Large borrowings
  • As collateral is placed at the time of taking
    the loan, the borrower can take high amount of
    borrowings. In case of defaulting the payment
    then the lender will seize the collateral
    property.

https//fleetquid.co.uk/
6
Flexible tenure period In bad credit loans, the
tenure period is flexible, and the borrower can
payback the whole loan amount whenever he can.he
whole loan amount whenever he can.
https//fleetquid.co.uk/
7
  • Improves credit score
  • If the borrower is having bad credit score, then
    repaying the EMI amount on time will let them
    improve their credit score. This builds a strong
    financial standing.

https//fleetquid.co.uk/
8
  • Thank You

https//fleetquid.co.uk/
info_at_fleetquid.co.uk
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