Availing a credit facility while an individual already has a poor credit history is a great problem, but there are several occasions in life when we are left with no other option but to seek loan. www.creditpoor.co.uk is the right option for those individuals who are stuck in such a situation. Either it is some medical emergency of a fear of serious default from a bank loan, credit poor can help in any problematic situation. Besides there is no troublesome procedure involved with approval of the loan.
Credit poor offers this level of confidence to the clients because it follows a process which is entirely different from other loan provider services. Contrary to other services, credit poor does not apply extra complicated requirements for the clients thus it is not impossible for them to avail a loan. However there is only a small set of formalities that has to be fulfilled to avail the credit poor loans.
As already mentioned; Credit poor sets only simple requirement which are easy to be fulfilled by any person who is legal resident of the country. All you have to do is, to prove that you are above the age 18 years, legal owner of a vehicle, have the vehicle insurance and you have no pending loan been taken on the same vehicle. For proving all of these things, you must have authentic documentary proofs which are the only requirement in the process. Thus anyone who meets the eligibility criteria and can present all valid documents can avail a loan from credit poor, even if the person has a bad credit history.
After verification of the documents, the vehicle will undergo physical verification; a detailed inspection will decide on the condition of the vehicle. If the vehicle has not undergone any sort of major accident and is in a running condition, there will be no hurdle in having the amount transferred to you. The most interesting part of this scheme is that you will never be asked to surrender your vehicle to the company; hence your vehicle will remain in your possession throughout the entire loan cycle. Apart from this excellent feature of the service credit poor provides loan for all types of vehicles, without any classification of make and brand.
Creditpoor is an excellent opportunity to overcome your problems if you have a clear understanding about commitment and repayment schedule. If all the installments are paid well, there is no problem regarding hand over of the car V 5 document; hence the entitlement will be transferred back of the owner. This makes it clear that credit poor is the easiest solution for those who have bad credit history and cannot avail any kind of loan from the bank. With credit poor there is no problem for those who already understand and fulfill all requirements, because most of the times the entire process is completed within the day of application. However two loans on a single vehicle are never entertained.