Guarantor loans have been specifically designed for people with a less than perfect credit history.
You can borrow up to £8,000 and the money could be transferred into your account within a few days.
Simple, easy and hassle free.
We don’t charge any upfront fees!
By applying for your guarantor loans online, you are making an application in principle for an unsecured loan. An unsecured loan means that the lender will not have any security against the loan that they give you, this means that if you (the borrower) does not repay the loan for any reason, then they will have difficulty trying to get the money back off you because you have no assets secured against your borrowing. This means that there is no house or car to repossess in lieu of the debt because you never put these forward against the loan (assuming you had one of course)
loans with a guarantor are ideal for people who need cash now but have been turned down for a loan by another bank or loan provider perhaps because they are unemployed, student, a housewife or just working part time. Whatever the reason, a guarantor loan can help people consolidate their debts or make new purchases and the repayments for the loan can be spread over 4 years, which again will help an individual where money is already tight. The other thing to note about guarantor loans is that they also help to rebuild an individuals credit profile because prospective new lenders and other finance companies can see that you have a loan where you are making all of your repayments.
Any loan that comes with a guarantor is unsecured, however it does offer the lender far greater security as they have a much better chance of getting the loan back because the guarantor will have a decent credit history and they won’t want to destroy that so if the borrower cannot repay the loan, it will be down to the guarantor to do so.
