3 May 2013
You would not be able to avail any loan when you have received CCJ summons. Qualifying for a loan is very much out of question since you would have defaulted on previous loans and CCJ summons would prevent you from receiving any further loan.
However new age lenders are out to offer CCJs Cash Loans for all the defaulters who are unable to avail a loan. The previous records of the borrower are not taken into account when you are applying for CCJs Cash Loans.
You can use the loan that you have accrued for any purpose and neither the loan agencies nor the lenders do not have a say in it. There are a wide range of CCJ loans which help you in satisfying your personal needs.
The loan application process is quite simple and all you need is a few minutes to fill out the application form. The loan amount is deposited into your account within a few hours of the loan application.
The minimum requirements for application for these loans are that you should have a regular source of income and own an account in any bank.
Collateral pledging is not necessary and the documentation process for these loans is very much less. Moreover, you can apply for a loan from the place where you are. The application process is available online 24×7 and all you have to do is find a CCJ loan website and start filling up the application.
Lenders do not charge anything for the application and free advice regarding the loan amount that you can borrow is also given.
However since these loans are offered despite extremely bad credit profile of the borrower, these come at a high cost compared to other loans.
Summary:
Normally if you have CCJ in your credit profile, no lender would accept your application for loan. However the new age and online lenders help you avail suitable amount of cash in the form of CCJs Cash Loans. These lenders do not consider your credit profile to decide your eligibility for the loan.
You Borrow £1000 You Pay £1240 Representative APR 1223.6% (Variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk