On 18 November 2018, London: Big Loan Lender uncovered the long-discussed policy, 2000 pound loans for bad credit.As everyone knows that bad credit means negative scores on the payment of debt. These people are unable to get the funds for themselves from many of the financial institutions, as it is difficult for everyone to trust a credit defaulter. Here, the company trusts such people by providing the loans up to the amount of 2000 pounds. As written above that it was the long-discussed policy and the launch of it held on the random meeting with the financial experts of other companies.
Due to some other important deals, Mr John Robert, the CEO (Chief Executive Officer) of the company was busy in a meeting while Miss Olivia, the CFO (Chief Financial Officer) of the company headed the meeting and answered all questions of personal reporters. In the mid of the meeting when Olivia explained the policy a reporter asked, why are you launching such loans for the credit defaulter? She replied, “To make the financial aid possible for everyone, the nation grows, we grow”. Further, she started explaining the attractive features of the policy, which are explained in the content in the simple words.
To secure the repayments, the policy enunciates in the online application form that you have to submit any collateral, which should be at least equal to the value of 50 % of the loan. It means now you need not submit the collateral worth same to the loan. Another feature was that there will be no credit check take place fo¬¬¬¬¬¬¬r the bad credit holders to avoid hits from their credit profiles.
The interest rates on these loans will be reduced by 2 % for the prior credit applications. In case, anyone does not have guarantor due to the least credit ratings even then apply for the loan and get the approval at the earliest, as there is no documentation included in the process. Every financial expert and reporter applauded for such a well-planned initiative.