Loans for Young People
The number of young adults that return to live with their parents after starting work has risen sharply over the years.
In the modern world, it’s challenging to find the funds to live a normal life while renting outside of the family. There are bills to pay, and they need to be paid on time. Everyday Loans is here to help with loans for young people.
You do not need to be a homeowner. All you need to be considered is to be over 18 years old, have a steady income and a credit history.
With extremely high property prices and mortgages for first-time buyers growing more difficult to obtain, becoming a homeowner in Britain is not easy. More now than ever, couples and individuals are turning to renting as a means to get around this financial barrier.
This is a disadvantage for anyone that wants to get credit and improve their credit score – something the majority of young people are working towards as they grow older. Because some lenders are not prepared to offer loans to tenants and people living with parents, the financial support young people need can be hard or impossible to get.
For many in that situation, the story is the same when it comes to lenders; they view them differently and you often have to be a homeowner to be considered for a loan. That’s something a young person can’t possibly afford for some time to come.
However, it’s not all doom and gloom. We see this same story every month of each year, and that’s why specialist lenders like Everyday Loans offer any purpose loans to people with bad credit, and loans for young people living with parents or in rented accommodation. We’re different from other lenders, and we could support you with a loan to suit your needs and a fairer set of requirements in order to be accepted.
We make use of our “Soft Search” technology that means that when you apply, your credit score as it is won’t be affected if you are declined. There’s no worrying about clicking the button on an application with us, and that’s one less thing to worry about.
We ask for you to demonstrate a reliable income so that we can be confident of your capability to repay your loan. Once details are given that shows that you keep up with your payments most of the time your loan may be accepted within minutes once other criteria are checked and met.
Unsecured loans are available for almost any purpose, whether it's for a car, wedding or to consolidate credit and store cards. A loan from Everyday Loans could be the key to unlocking short-term financial power, letting you invest in your future and take care of your day-to-day needs effectively.