Frequently Asked Questions (FAQs)
For what purposes can I use the loan amount?
We at Small Loans For Bankrupts are not concerned for the usage of the borrowed amount. Once you get the amount, it's your money and you have the complete freedom to use it for whatsoever purposes like paying for credit card dues, monthly instalments, pending household dues, car repairs, bank overdrafts and the likes without any apprehensions.
What are your application and processing fees?
Relax! Don't worry about our fees as we at Small Loans For Bankrupts don't charge any application or processing fees from our applicants.
Do I have to pledge collateral to apply with you?
The loan services offered by us are generally short term in nature where you don't need to put any of your valuable assets as collateral, willingly or unwillingly.
Can the defaulters apply with you?
Yes, of course! This website is specially designed to help the people having some credit issues like CCJs, IVAs, arrears, late pays, missed pays, defaults or insolvency in their credit history. They don't have to go through any credit check with us either.
Is your online application safe?
Yes absolutely! We have a team of dedicated employees that work day and night to keep your information safe and secured throughout the transaction.
Will I be obligated once I apply with you?
No, you are nowhere obligated with us in the entire transaction and have absolute freedom to withdraw your application whenever you feel like, without even specifying the reason.