Introduction
To resonate ends and means is a tricky affair and many of us get entrapped in this vicious circle. We take loans to negate these but situation worsens when we fail to repay them in stipulated time. And to our discomfort tag of poor creditors are inflicted upon us .In such cases if financial emergencies pop up demanding your instant attention bad credit instant cash loans prove to be the life savior for you.
The features
These types of loans are of both secured and unsecured category. For secured category of bad credit instant cash loans you have to place collateral while for the later one you need no security to place against the loan amount. It is a point to be noted that the loan amount is relatively higher for the secured category as the lender does not feel at risk. The loan amount usually varies from £5000 to £25000 and the APR ranges from 9 to 15%. You have to pay the amount back in a span of 5 to 10 years. But it is advisable to stick to regular repayment schedule so as to improve your credit record and avoid any complications in further transactions.
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