Guarantor Loans Made Easy

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01293 762323

Need a loan but tired of


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  • Banks saying “NO”
  • Expensive payday & short term finance
  • Filling out loads of application forms

 

We take the pain of borrowing


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  • Poor financial history is not a problem
  • Affordable rates and no hidden fees
  • One quick simple application form to multiple lenders*

Our Most Affordable Loans for Bad Credit


A guarantor loan is a great alternative to traditional borrowing for people who have been refused credit in the past.

Our lenders specialise in quick, simple and affordable loans tailored to meet your needs:

  • Borrow between £50 and £12,000 with a sensible, affordable APR
  • Choose your borrowing term from six months on
  • Repay early if you are able

By completing one simple form we can have multiple quotes back to you within moments.

The rates are the same as they would be if you approached the lender direct but we’ve saved you the time of duplicating applications; it really is a quick and easy way to find out how much you could borrow.

If you have been turned down for a loan in the past because of your credit rating, this is a sensible alternative to expensive poor credit loan borrowing and is suitable for most people as long as they have a loan guarantor.

For more details why not have a look at our frequently asked questions below, and our Compare Guarantor Loans table, which also gives you loan representative examples.

Frequently Asked Questions


How can I be sure that the repayment will be affordable?

It is very important before you take out any form of loan of additional credit that you know that you will be able to make the repayments for the full term of the loan. To help you work out what your monthly repayments would be, please have a look at our Loan Calculator. We also suggest that you should take a look also at your current income and expenditure, and click here for an excellent Budget Sheet produced the Citizens Advice Bureau. If you are unsure as to whether the loan you would like is affordable, please speak to:

Can the loans be used to consolidate other debt?

Yes, all our loans can be used to consolidate other debts, but we only suggest that this is a sensible course of action if the new loan is more affordable to you than all the other debts you are consolidating. We always reccomend in these situations that you take independant advice to make sure that a new loan is the best thing for you; free advice can be found at the Governments Money Advice Service and your local Citizens Advice Bureau.

If I meet the criteria am I guaranteed to get a loan?

Unfortunately, we cannot guarantee even that if you meet our outline criteria, that your loan application, or the loan amount applied for will be successful. Though typically if you do meet the criteria, with our wide range of lenders, the chances are that you will be able to get a loan. This is why we believe our service is so valuable, saving you the time and effort making numerous applications.

What criteria do I need to meet to get a loan?

We get loan quotes from the best lenders in the UK, specific criteria is therefore subject to change and may slightly vary, but the following summarising the primary criteria that you will need to meet:

  1. Over 18 years of age (max of 65 for loans above £500)
  2. Income over £100 per month including benefits (loans over £500 only)
  3. UK Resident (excluding Isle of Man)
  4. Not insolvent (IVA, Trust Deed or Bankrupt)
  5. Have a UK bank account and a debit or credit card
  6. Have a friend, colleague or family member with a clean credit rating who can guarantee your loan
Criteria for your Guarantor is as 1-4 above plus:
  1. Good (or marginally imperfect) credit rating
  2. Tenant or homeowner (homeowners will help you get loans over £5,000 plus better rates)
  3. Income over £400 per month for small £50 to £500 loans, or £500 per month for larger £500 to £10,000 loans.

What is a Guarantor?

A guarantor is a friend or family member who is prepared to guarantee your loan and will be expected to make repayments in the event that you are not able for any reason. They will usually need:

  • To be at least 18 years of age but under 75
  • To be a UK resident, either a homeowner or a tenant
  • Have a good credit rating
  • Not be financially dependent on the applicant
The guarantor will be expected to complete details on your application and will therefore need to understand the role that they are agreeing to take on.

How quickly will I have access to my money?

Very low value loans (up to £500) can often be paid within an hour of your application being approved. Larger loans will usually take around 24 hours from the time you submit a correct fully completed application form to the lender.

I feel uncomfortable asking my friend to be a guarantor. What do you recommend?

While we can’t tell you what to say we would advise you to think very carefully about who you ask and why you need a loan. A friend or family member will be much more willing to help if you are borrowing money for the ‘right’ reasons. If you can show them that the money is important we are sure they will be more willing to help. It is also wise to be able to demonstrate that you are able to afford the repayments and that you will be able to pay off the loan in the agreed time. If you are not certain you can do this you are risking your friendship.

I’ve been refused a loan in the past, are you sure you can help?

While we cannot make any guarantees as to whether your application will be successful or not we can assure you that our lenders specialise in offering loans to people who have a poor credit history who may not be suitable for traditional lending. They are able to do this because they use the credit history of your guarantor rather than your own so as long as they have a good rating your loan should be approved. Notable exceptions to this would be if:

  • You have been declared bankrupt
  • You are subject to an IVA or Deed Trust

Wouldn’t it be easier just to get a payday loan?

No! We would never advise anyone to take out a payday loan. They are unbelievably expensive (up to 5000% APR) and you can find yourself in a debt spiral caused by a relatively small loan that gets blown out of all proportion. Our loans are sensible and affordable. The rate is based on what you borrow and the length of time you would like the loan. This is usually around 49% for a loan of more than £750. If your loan is below £750 the rate is significantly higher but there are restrictions on the loan term so you will not find yourself with unrealistic repayments.

Is there an arrangement fee to pay?

No, applying for a loan is free and there is no obligation to accept any of the offers you receive. There are also no early repayment fees so if you find yourself able to clear either part of the loan or repay in full you can do so with no penalties. We take our fees from the lenders so there are no cost implications applying for the loan through us rather than if you were to go to the companies direct. All we do is save you making multiple applications!

What can I use the money for?

Although on our application form we ask what the loan will be used for there are no restrictions. However, we would advise you to think carefully about whether the money is needed for important reasons. Generally these might be:

  • A short term solution to unexpected circumstances, usually to last until next payday.
  • Car repairs or home maintenance.
  • Debt consolidation.
We would urge you to remember that you are asking a big favour of your friend or family member to back your loan so you will need to demonstrate to them how seriously you have taken this decision.

What happens if I cannot keep up the repayments?

If you are unable to keep up with your repayments, your guarantor will be called upon to make the payments for you. The best thing for you to do as soon as you think that you may have difficulties, is to speak to both the lender, and your guarantor honestly telling them of your situation, and how you are going to get back on track again. In addition, we would suggest that you take independent advice to chat through your personal situation:



4 Easy Steps


1. Calculator

Calculate how much you can afford to borrow and for how long

2. Easy Online Form

One quick online form to our panel of multiple lenders

3. Multiple Offers

Receive a choice of no obligation offers from multiple lenders

4. Get Your Money

Send off your preferred offer and get your cash

What the Newspapers Say


Daily-Mail-logo

“a good stepping-stone for those with limited borrowing options”

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the-independent

“guarantor borrowing can be less painful – and help repair debt-history damage”

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Loan Calculator

Estimate you monthly repayments with our simple loan calculator

Borrowing + interest & fees of = Total to repay
* Based on repaying after 30 days

Borrowing over your repayments will be approx. per month and in total. For actual figures hit Get My Loan to get a choice of free, no obligation loan offers from the best bad credit loans lenders in the UK.

Risk Free Guarantee

£50 to £500 in as quickly as one hour

£500 to £12,000 in 24 hours after receipt of completed application