Guarantor Loans could help you to secure the finance you need

Home / 12 Month Loans / Guarantor Loans could help you to secure the finance you need
Secured and Personal Loans
We are a licensed credit broker, not a lender.
Loans for Homeowners and Tenants
We are a licensed credit broker, not a lender.
ac-banner_no

No upfront fees to help you find a loan*

ac-banner_no

No upfront fees to help you find a loan*

Guarantor Loans could help you to secure the finance you need

People with bad credit scores and poor credit history may suffer

when it comes to the point they need to cover a major purchase or there is a sudden expense. Those people end up struggling and paying high interest rates that can be unaffordable and thus may turn into a serious debt problem. For those that may be wary of taking loans due to their bad credit rating, a Guarantor loan could help you to secure the finance that you need. A guarantor loan allows you to take out a loan where another person acts as a guarantor, which means that should you be unable to repay the loan, the guarantor will take over responsibly for the debt and ensure that its paid.

Guarantor loans are usually repaid over one to five years,

allowing an individual to borrow anywhere between £1,000 and £7,500. This might be a suitable go-to for people with bad credit because their choices are limited when it comes to borrowing, and if they are successful in gaining a bad credit loan, they will have to pay the high interest rates that come with them. Unlike payday loans, guarantor loans has no upfront fees nor arrangement fees. Also, they have lower interest rates than payday loans.

If you have applied for loans and you were rejected

because you have a bad credit history the a guarantor loan maybe a suitable option for you. In terms of criteria, you must be over 18 years old and second, you should have a bank account local to UK where the repayments can be collected. As simple as it sounds, you should still show the lender and the guarantor that you can make and meet repayments on time.

Anyone can act as a guarantor as long as they are not financially linked to you.

This could be a family member, a close friend, or a work colleague can act as guarantor for you. You should be reminded that in order for them to be accepted as a guarantor, they should be over 21 years old and with a good credit history and also a home owner. Also bare in mind that the credit checks that your guarantor will be identical and similar with the traditional credit checks. They will have to provide bank statements, bank details and proof of ID.

A guarantor loan can allow you to borrow a lump sum of cash,

it is also possible that you rebuild your credit history by demonstrating that you can handle and manage your finances responsibly by ensuring you make the repayments on time.

Recommended Posts

Leave a Comment

THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK.

PLEASE THINK CAREFULLY BEFORE SECURING LOANS AND OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. SECURITY MAYBE REQUIRED.
ALL LOANS ARE SUBJECT TO AN ASSESSMENT AND CREDIT APPROVAL.
ALL RATES VARY SUBJECT TO LOAN AMOUNT, LOAN TYPE AND STATUS.
REPAYING YOUR DEBT OVER A LONGER PERIOD OF TIME MAY INCREASE THE AMOUNT YOU PAY.
WARNING – LATE OR MISSED PAYMENTS CAN CAUSE YOU SERIOUS MONEY PROBLEMS AND COULD SERIOUSLY AFFECT YOUR CREDIT RATING. FOR HELP GO TO MONEYADVICESERVICE.ORG.UK.

EASY LOANS COMPANY ACT AS A BROKER PROCESSING THE INFORMATION THAT YOU PROVIDE TO US AND PASS THIS ON TO OUR LIMITED GROUP OF THIRD PARTY LENDERS AND BROKERS.
WE DO NOT CHARGE A BORROWERS FEE FOR THE USE OF OUR BROKERAGE SERVICES, HOWEVER WE DO RECEIVE COMMISSION FROM LENDERS (OR OTHER BROKERS) WHEN BORROWERS SIGN INTO A CREDIT AGREEMENT FOLLOWING AN INTRODUCTION THROUGH THE EASY LOANS COMPANY WEBSITE.
IN THE CASE OF SECURED LOANS THE FEE RECEIVED MAY BE UP TO 7%. TELEPHONE CALLS FROM UK LAND-LINES ARE USUALLY FREE, HOWEVER CHARGES VARY FROM MOBILE PHONES SO PLEASE CHECK WITH YOUR NETWORK PROVIDER. CALLS MAY BE RECORDED FOR TRAINING AND MONITORING PURPOSES.
AS OPERATOR OF THIS WEBSITE, EASY LOANS COMPANY IS NOT AN AGENT OR REPRESENTATIVE OF CONSUMERS OR ANY LENDERS AND THEREFORE DOES NOT ENDORSE THE SERVICES OFFERED BY SPECIFIC LENDERS.
THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK. FOR MORE INFORMATION ON HOW WE HANDLE YOUR DATA SEE OUR PRIVACY POLICY [ *FOR FURTHER DETAILS ABOUT EASY LOANS COMPANY SEE OURTERMS AND CONDITIONS

Easy Loans Company is a registered Trading Name of Nationwide Direct Financial Limited which is an Introducer Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number 723650. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Nationwide Direct Financial Limited is registered in England and Wales (Company number 05999918), Registered Office; 84 Princess Street, Manchester House, Manchester, M1 6NG. Licenced by the Information Commissioners Office, (registration number Z9808421).

Start typing and press Enter to search