Borrow £100 to £25,000*

by

  • Bad Credit Accepted
  • Fast Payout
  • No Fees
  • Secure Application

Short Term Guarantor Loans

£100 – £1,000


N Online decision
N Responsible lenders
N Rates from 278% to 1576% APR*
N 3-12 month repayment

Personal Guarantor Loans

£1,000 – £25,000


N Whole of Market panel
N Trusted panel of lenders
N Rates from 5.7% to 278% APR*
N 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.

ccta and fca registered lender

Why should you opt for Guarantor Loans?


Many individuals have felt the results the credit crisis has had on their finances. Individuals are getting it harder to come across a bank that is ready to help them because of their tough new lending rules. For individuals who have bad credit or individuals who have never borrowed money before, a loan can seem elusive.

If you have never borrowed money before and need to take a loan through a bank, it could be hard for them to help, this is because it is not simple for them to know if you would be a good credit risk and if it safe for them to lend you money. There is a possibility available that can help you to set up a credit score and that can be done with a guarantor loan compare.

Guarantor loans are becoming famous for people who need their first loan or have adverse credit status. Obtaining a guarantor loan is very simple; all that the applicant needs to do is find someone with a good credit history to act as a guarantor for the loan. Normally the borrower would ask a family member or a close relative to do this but anyone can help.

When hoping to get a guarantor loan, people think that because they are unsecured loans for people with a bad credit history that the interest rates are going to be a lot greater than other unsecured loans. This is not necessarily true because the loan is assessed on the guarantor’s good credit history, not the borrowers. If the borrower defaults on the loan, the guarantor’s possessions should be safe because it is an unsecured loan.

Best Guarantor Loans

Poor credit history often prevents you from getting a loan from banks or lenders. In addition, some lenders get an opportunity to offer you a loan with exorbitant interests and fees. Moreover, it is can be a reason to draw more debt. Therefore, it is important to look for a way to get the funds to solve your money problems from a lender who can customize a deal for you despite having bad credit. A guarantor loan is the most suitable option to obtain money from a loan provider. A guarantor loan lets you solve your financial conundrum through loan deals with reasonable rates since there will be another individual involved in the loan agreement to act as a guarantor. Guarantor loans are unsecured forms of personal loans. If you are worried to apply to a loan for the reason of your poor credit history then you can find any friend, family member or any person as your guarantor to apply for this loan. You will be able to borrow a larger amount of money compared to other loan products. It also benefits you as a borrower since you can improve or grow your credit score. It is a well-suited choice for bad creditors and for the individuals, who do not have any collateral to get a loan.

You will find plenty of lenders offering guarantor loans their website or online portal. It lets you review and compare various lenders’ interest rates. It is not difficult to find an online lender who can meet your needs. If you are happy with their rates and services, you should not hesitate to apply for a loan. Of course, you must ensure that you meet the online lender’s qualifying criteria. The minimum requirements are usually the following: a borrower must at least be 18 years old and own a personal account from any bank. Most lenders will request for proof of your affordability so that they can be sure you are able to pay back the loan at the specified schedule.

You must be careful when choosing a guarantor since loan providers will also verify the guarantor’s credit history and score. They will normally examine the borrower and the guarantor’s bank information, bank statements as well as proof of identification. Since a guarantor loan is considered an unsecured type of loan, the lender takes the risk by lending you money. Anyone can be a guarantor – it can be a friend or anyone who can take responsibility for loan repayments in case you cannot. He or she must have a good credit history and at least 21 years old.

Guarantor loans usually apply higher interest rates although the rates will still vary from lender to lender. It is possible to take out funds in the range of £500 to £ 5000 with a repayment schedule for five years with an APR of 50%.

If you have been rejected by banks and traditional lenders because of your poor credit score, you should seriously consider taking out a guarantor loan. It makes you stand for paying your repays on time. Moreover, it demonstrates your integrity while gaining a recovered credit rating.

What can I do if I wish to complain?

Information about complaints can be found in our complaints policy.

What if I can’t keep up my repayments?

If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.

What do I do next?

Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain-free as possible. The whole application process from start to finished shouldn’t take you longer than 3 minutes its as simple as you can get.

What can I do if I wish to complain?
Information about complaints can be found in our complaints policy.

What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.

What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.