Professional loan providers are queuing up to provide loans to your unemployed. It is it a good notion?
One of many great ironies of banking is the fact that the people whom most need access to inexpensive credit end up spending the best interest rates.
An income and a home to borrow from mainstream lenders, you’ll need at least three things: a steady job. Without all three, you will find it difficult to borrow a cent from high-street banks. Then expect to pay higher interest rates than those conventional borrowers as they are considered better risks if you are self-employed or in temporary work (or even if you rent your home.