Borrow £100 to £25,000*
- Bad Credit Accepted
- Fast Payout
- No Fees
- Secure Application
Short Term Guarantor Loans
£100 – £1,000
Rates from 278% to 1576% APR*
3-12 month repayment
Personal Guarantor Loans
£1,000 – £25,000
Whole of Market panel
Trusted panel of lenders
Rates from 5.7% to 278% APR*
3-36 month repayment
Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 238.1% pa (variable). Representative 481.6% APR.
Bad Credit Loans: A Solution to Meet Financial Obligations
- Using a guarantor to co-sign a loan application is a common way lend money in the UK.
- By sharing the risk, lenders are more likely to lend you money even if you have bad credit.
- Co-signatures can come from family members or close friends so long as they qualify.
As poverty and financial crisis hits the UK, more and more of its residents turn to loans when it comes to helping with their cash needs. This is the ideal time wherein more lenders offer services such loans and such that would help people with their cash needs especially those who have credit line issues.
These kinds of cash assistance are not in fact new. They have been around for years but since the old times were not that bad and struggling, people tend not to use it or even just to find out more about it.
Banks are also very hesitant to offer such kind of cash help since they too have their own debts to pay. The government is also finding ways on how to help their countries progress when it comes to financial freedom.
Borrow anything from £100 to £25,000 today.
Quick online application takes minutes.
As credit and finance turmoil continues far beyond the time frame that most economists concluded, guarantor loans for bad credit unsecured loans UK offer consumers an immediate and practical solution to borrowing various amounts often over a long period. Alternatively, if you want something fast and easy or are looking at a guarantor plan because you are worried your bad credit score will stop you from getting the finance you need on your own then looking at our short term loans bad credit no credit check may be the most suitable solution to your situation.
Whilst bad credit loans have been around for decades, they have been growing in popularity, as households are challenged by increasing problems on a variety of fronts.
Is your credit report full of county court judgments due to unpaid credit card bills? If you answered yes, you must be worried about your future chances of acquiring new lines of credit or finance. However, there are bad credit loans available that enable you to qualify for a loan easily and without fuss and help you meet all your financial responsibilities on time. If you’re a resident of the UK and are in a dire financial state, you can get some monetary help from the different bad credit loans that are offered.
Obtaining a Bad Credit Commercial Loan
The entrepreneurial character is never limited with the capability to gain cash. Great business plans can even come up from someone with a very poor credit score. Have you ever thought of getting a commercial loan with a bad credit rating, to side with you to realise your commercial dreams?
If you answered no, here are some ideas in which you can get a commercial loan even if you have bad credit.
Tune your work-marketing plan: If you fine tune your business plan, most lenders will not think twice to lend you the money you require, as they will find you systematic and financially reliable. Make sure that your business plans are all comprehensive so that you can even handle all kinds of business threats.
Shop around online: As there are numerous bad credit commercial loan lenders in the UK, you must always shop around online to check the best and the most competitive rates in the country. Settle with the company that provides you best rates, and the one that will cost you the smallest fees.
Get credit reports: As you’re qualified to get free copy of your credit report, you must get one from Experian Business, Equifax Business, Dunn and Bradstreet. Review the reports carefully to pull out all the negative information in order to regain a good credit score and become a little more creditworthy. Dispute any incorrect information and make your report error-free.
Seek help of venture capital money: There are various investors who are looking for successful business organisations with a smart business idea to invest their money. If you can follow the first point mentioned above and create an effective business idea, you can certainly get in touch with some venture capitalists who may invest in your company after viewing your company goals.
Join the FSB: The Federation of Small Businesses is one of the ace organisations that provide financial support and advice to companies. You may join such an organisation and go through some steps that would help you obtain a commercial loan even with bad credit score. You may also speak to the FSB professionals who can give you expert advice on getting a commercial loan with bad credit score.
Suffering from a bad credit score no longer implies living the rest of your life with debt. Everything is possible today but you just have to be financially capable and manage your personal finances. Get bad credit loans by following the easy, yet effective steps mentioned above. Improve your business finances regardless of poor credit.
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More Bad Credit Guarantor Loan FAQs
Are bad credit applications accepted?
They certainly are! Payday lenders are aware that many individuals that need extra cash in an emergency aren’t able to obtain it from traditional banks. As a result, more of them than ever are now willing to assist people who have bad credit history.
Why must I provide bank details?
Lenders require you to provide details for an active bank account when applying for payday loans so that they can perform a direct deposit after granting approval. This prevents them from having to deal with physical cash, which can be a high security risk.
Do I have to accept a lender’s quote?
Not at all! If a lender contacts you to offer you a payday loan, but you no longer require it or you want to shop around for better interest rates before signing on the dotted, you’re most welcome to do so. You will need to inform the lender when they contact you that you no longer want to accept their offer.
Do repayment instalments stay the same?
Although your loan repayment amount will be divided into fixed instalments, this amount could change if you make late payment – or fail to pay completely. As a result, it’s essential to keep up with your previously agreed upon payment schedule.
How quickly do I get my funds?
When applying for fast payday loans, you will usually receive your funds on the same day you submit your online application form. This enables you to get the cash you need as quickly as possible – many lenders can have it deposited into your account in 15 minutes.
How much can I borrow?
Although many individuals think that they’ll be able to borrow as much as they like, this is not the case. When completing your online application form, you will need to provide info regarding current income and expenses. This information will then be used to determine how much money you will be able to repay without experiencing financial difficulty afterwards.