These are short term financial programs wherein you can expect
for availing any amount ranging from £80 to £1000 for the repayment period of 2-4
weeks. If the offered finance is not paid back in time then you can extend the
repayment tenure just giving out miniature charge to the lender. Basically,
these loans are offered at high rate of interest since there is no security
involved.
In order to get the approval of payday loans for people onbenefits direct lenders, you are required to fulfill certain pre-requisites are as follows an
age of 18 years or more, you are holding an active valid bank account with
steady income and you are living on benefits offered by the Department of
Social Security from the last six months.
Even though you are flawed with insolvency, arrears, defaults,
CCJs, IVA, foreclosure, skipping of installments etc are also allowed to avail
of money through payday loans for people on benefits without any fear of credit
checking. Reason behind of it is there is no credit check procedure involved.
