Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Sep 24, 2019
Every lender in the country has a set of criteria to determine eligibility of an applicant. The criteria can vary and lenders reserve the right to use their discretion on the basis of the merits of a case. However, all applicants should check if they are eligible to apply for a certain type of loan, given the stated policies of a particular lender. Cash Reserve UK is not a lender. It is a broker. The private company facilitates lending and borrowing. It has a network of lenders and people from around the country can apply for short term unsecured loans through the website.
Lenders have their own criteria. Cash Reserve UK has its prerequisites, which form the basis of prequalification. It does not have any unreasonable policy pertaining to eligibility. Here is the set of criteria that shall enable you to apply for short term loans and get your application submitted to numerous lenders based throughout the United Kingdom.
-> You ought to be a resident of the United Kingdom. The broker does not operate beyond the country. It does not facilitate lending to nonresidents or tourists. Applicants should have an active phone number, valid email id, a residential address in the country and a bank account. The bank account is where the salary or income gets credited.
-> A borrower must be an adult. Those younger than eighteen cannot apply for a loan. Those who are older than eighteen but without a source of income cannot apply for a loan. One must have a source of income. It could be employment, self employment, business or some other source. This income will be verified by the lender.
-> Lenders will approve loan amounts on the basis of the financial profile of an applicant.