PRLog (Press Release) - Jun. 28, 2012 - Guaranteedcreditloans.com has announced its intention to take a bigger part of the credit market by introducing bad credit personal loans up to the value of $5000. Its experience since entering the bad credit sector has shown it that there are many reasons why people have got poor credit scores and there is a willingness on the part of the vast majority to try to regain their scores prior to the economic woes of 2006/7 which resulted in repossessions and unemployment.
People those are interested to borrow cash up to $5000 with any credit score can fill an online application on company's site - www.guaranteedcreditloans.com
Talking to strangers about personal details can be embarrassing particularly if it involves something like debt. Many see it as a sign of failure to have to approach someone for help. That is not the case and in any event applications for bad credit loans can be done exclusively on line with all the information sent to support the application and no need to talk to anyone, even someone on the end of a telephone line.
By increasing the amount that it will consider advancing, guaranteedcreditloans.com is making a statement that it is committed to the ever growing sector of people with poor credit scores. Anyone can borrow loans for bad credit of up to $5000 here in itself will give hope to people who do not know where to turn to extricate themselves from financial problems. They are far from alone and have the Company assurance back up by its track record that all information it receives online is completely secure and treated with the utmost confidence.
The Company requires the basic details of an applicant, name and address, ideally with some security of tenure if not living in personal property, proof of citizenship and details of their bank checking account. The means of repaying any loan will generally depend on employment status and bad credit loans are more likely to be approved where the applicant can demonstrate full time employment which provides regular income as opposed to being purely commission based.
The rate of interest charged on bad credit personal loans will depend on circumstances. The Official website where you can apply for personal loan ,includes all the details of what is on offer, interest, the length of a loan and the terms and conditions involved. Where an applicant can offer security in some form, the interest rate charged will be lower. People who own real estate and have some equity in it may use it as security to get a better interest rate but it is always worth considering whether it is a good idea to provide that form of security just to get a better rate of interest.
Approval will be based on the ability to repay, namely monthly cash flow, far more than the fact that an applicant has real estate. Lenders of personal loans for people with bad credit want repayment, not repossession.
The internet is a wonderful tool for research and comparison and guaranteedcreditloans.com is confident that anyone doing that research will find that the service and loans it offers are well worth serious consideration.
About Guaranteed Credit loans.com
Founded in 2011, the Company has grown both in size and experience. More people today find themselves with a bad credit score often due to completely unforeseen circumstances of unemployment after a previously secure job. The Company has seen a willingness on behalf of its clients to try to retrieve their credit score by successfully paying the monthly installments on bad credit loans agreed to date, hence the expansion of its services.
There is more information for anyone visiting the company’s website at www.guaranteedcreditloans.com