We Cater For All Types Of Credit History So Dont Worry If You Have Poor Credit! We Can Find A Solution For You! Our Application Process Only Takes Two Minutes From Start To Finish!

Borrow from £100 to £25,000

We Cater For All Types Of Credit History So Dont Worry If You Have Poor Credit! We Can Find A Solution For You! Our Application Process Only Takes Two Minutes From Start To Finish!

  • Apply For £ 50 - £ 1,000
  • Fast Payout
  • No Fees
  • Secure Application
  • Available 24/7
  • Bad Credit




N Whole of Market panel
N Trusted panel of lenders
N From £1,000 to £25,000
N Rates from 5.7% to 278%
N 3-36 month repayment




N Online decision
N Responsible lenders
N Borrow up to £3,000
N Rates from 278% to 1576%
N 3-12 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 236.1% pa (variable). Representative 481.6% APR.

Guarantor Loans Meaning: Everything You Need to Know

Guarantor loans are an excellent way to build up your chances of being approved for a loan if you’ve got a bad credit score or no credit score at all. When you’ve got a bad credit score, it’s easy to hold off on the decision to buy that car or book that dream holiday because you have in mind that you won’t be allowed to borrow money. However, guarantor loans meaning have been designed with individuals like you in mind. They do it much more likely that you’ll be allowed to borrow money and – because repaying monthly payments on time can help steadily increase your credit score – more likely that you’ll be allowed for a standard unsecured personal loan or credit card in the future.

What is a guarantor loan?

Although it has a technical sounding name, it’s pretty much exactly the similar method that your parents and grandparents went through if they borrowed money from the bank. Prior to the introduction of computer generated credit scores, it was commonplace for banks or loan companies to require you to have a guarantor when lending money. Because, back then, they had no way of knowing the statistical likeliness that they’d be repaid, banks and loan companies asked for a trusted third party (a guarantor) to assert for the borrower and to agree that – if repayments weren’t made – they would accept accountability for the debt and pay it back themselves.
In current years, the same guarantor loans have become a famous way for those with bad credit scores to borrow greater amounts of money. If you’ve had problems in the past, or have no repayment history, guarantor loans can be an excellent way to borrow the amount you need to finally buy that car you’ve had your eye on, do some work on the house or go on the holiday you’ve been putting off.

Who can be my guarantor?

Technically, the guarantor for your loan can be anyone over the age of 21 with a steady income that can support to make your repayments should you not be able to.
However, it’s a great idea to make sure that it is someone that trusts that you can do the repayments and that you have a wonderful relationship with.
They’re a very great way for your mum and dad to help you out without putting themselves out of pocket. (It’s necessary to know that, although having a guarantor is a good way of getting a supporting hand, it’s a big move for the person agreeing to be a guarantor. However unlikely it may be, the person must be prepared to take on liability for your repayments,


should you not be ready to pay.)
If you’re considering becoming a guarantor – be certain to check out our immediate guide.
How will a guarantor help me get a loan?
In the views of the lender, having a guarantor makes you a very much safer bet.
It provides them a strong back-up option that they know they can depend on for payments – sort of like having a back-up parachute before jumping out of a plane. You don’t anticipate to have to use it, but having a back-up option makes you feel a lot better about making the jump. (Your guarantors will have to go through the same checks and processes as you – they will need to present bank statements, bank details and proof of ID, for example – so that the lender knows that they’re a fit choice.)
However, because the loan company is statistically far more apt to be paid back, guarantor loans are a win/win for everyone involved: the lenders are far better to lend you the money you need, and you’re more likely to be given larger amounts with a lower APR.
What happens if I default on my guarantor loan payments?
If you default or can’t keep up with the repayments, the loan company will ask your guarantor to dip into their own wallet and cover your missed repayments. They will also follow you for the residual portion of the loan and any interest that you’ve built up.
It’s essential to know that, as a very worst case situation, they can even take you and your guarantor to court for the remainder of the balance. Although it sounds a bit frightening, this is an unusual and unlikely situation to occur – so don’t be put off applying. Just be sure that you and your guarantor know and understand the uncertainties before you sign on the dotted line.
Guarantor Loans: A great way to borrow
Guarantor loans can be a considerable way to borrow large amounts of money you need for that big purchase or project, as well as improving your credit score at the same time.

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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.

*Subject to lender approval and requirements.