| Physical barriers should not come in the way of | | | | late payments or payment defaults in their name, still |
| borrowing some money when you need it for any | | | | they can borrow an amount without delay within 24 |
| emergency purpose like sudden medical check up or | | | | hours as lender do not generally make credit checks. |
| paying off electricity bills or grocery bills. DSS loans are | | | | But a disadvantage for such borrowers is that they |
| made especially to the physically or mentally | | | | have to pay interest at higher rate. This is because the |
| challenged people within 24 hours. A simple online loan | | | | loan is for short period of two weeks and the lenders |
| application to the selected lender can fetch you the | | | | do not have any security. |
| loan amount. | | | | Still, if you compare the lenders on the Internet, you will |
| However, only those UK people who are getting the | | | | come across some offers of DSS loans that are |
| DSS [Department of Social Security] benefit can get | | | | competitive and have lower interest rates than other |
| the loan. Under the benefits, the government gives | | | | such offers. But go through the terms and conditions |
| such people a fixed amount of money each month. | | | | of the lenders and then settle for the suitable one. |
| Another eligibility is that the applicants should be having | | | | Make sure that you repay the loan amount on the due |
| some savings in their bank account to prove their | | | | date. Any late payment will invite enhanced interest |
| repaying capability. | | | | charges and penalties. Avoid stretching the loan |
| DSS loans can fetch you an amount that matches | | | | repayment. Timely repaying of the loan is also |
| with the amount you get from the government each | | | | important for keeping a healthy credit history. |
| month. If the physically challenged people have some | | | | |