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Non Status Car Loans - Purchase Your Dream Car
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Posted On :
Sep-20-2010
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Article Word Count :
342
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Non status car loans are initiated for all bad credit holders to fund their desire of purchasing their dream car. They are secured and in unsecured in nature. Online application is simple and fast to get instant approval without any hassles.
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A mistake in the past has caused you to become a bad credit holder. But this is not the end, it is just a bend. All you have to do is know how to tackle these problems. You need finance to purchase your dream car, but due to the tag attached to you every lender gives you an eye of suspicion. You do not have to worry as non status car loans have been initiated to help you purchase your dream car.
These advances are of great help to all borrowers. All you have to do is search for your best deal, a deal that suite your requirement in the best way. You are offered an amount ranging from £200 to £25000 for a period of 1- 10 years. Since the lenders risk in dealing with you is more you must be able to assure the lender of your credit worthiness.
The borrower can easily avail this credit in both secured and unsecured forms:
The secured for of finance obliges you to pledge a security against the credit amount you borrow. The interest rate they carry is low. You must make repayment by the due date otherwise the lender will take charge of your property to recover the amount of the finance. The unsecured form does to demand any security. Therefore they carry a high rate of interest.
The application procedure is very simple. You just have to make sure you submit all the true information. The lender will verify your details to ensure whether you have submitted the correct information.
To apply you need to fulfill certain requirements such as you must be a UK citizen, you must be above 18 years of age, you must have a regular job with a £1000 and you must possess an active and valid bank account.
You can also use the online mode of application which is less time consuming. You do not have to stand in long queues nor do you have to undergo heavy documentation.
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Article Source :
http://www.articleseen.com/Article_Non Status Car Loans - Purchase Your Dream Car_33654.aspx
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Author Resource :
Peter Darwin is financial adviser for UK Finance World. Click here to know more about non status car loans, unsecured loans, bad credit loans and 0% car finance.
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Keywords :
non status car loans, car loans, best car loans, online car loans UK,
Category :
Finance
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Loans
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