Bad credit loans – get the finances you need
Types of guarantees
There are different types of guarantees you can explore:
Top 3 guarantor loans
Amigo Guarantor Loan
You can borrow up to £10,000 with the 49.9% of APR. Loan terms are from one year to five years. You have to be UK resident, 18 years old and guarantor is required. For instance, if you borrow £4,000 over 3 years, monthly installment will be £195.16 and £7,025.76 in total.
Buddy Loans Guarantor Loan
With this lender you can borrow from £1,000 to £10,000 with the 49.9% of APR. You can repay the loan within five years. For example, if you borrow £3,250 over 36 months, you will repay £158.5t per months and £5,714.67 in total. You need to be a UK resident, 18 years old and this loan is restricted to specific geographical areas.
Twisttwo Guarantor Loan
The loan amount you can borrow is between £500 and £10,000. The representative APR is 49.5% and loan terms are from 1-5 years. In this case, if you borrow £4,000 over 3 years, then you will repay £194.55 per month and £7,003.80 in total. You have to be a UK resident, 18 years old, and the guarantor is required.
Unsecured guarantor loan
If you need quick cash, but you have a bad credit rating, then you should consider applying for a guarantor loan. This is a type of unsecured loan that requires a guarantor, and it’s an excellent solution for short-term financial needs.
Unexpected costs are part of the life, but the unsecured loan could potentially solve your financial issues. To apply for an unsecured guarantor loan, you will need a person who has an excellent credit history, and he will co-sign the credit agreement with you. In most case, a person must be between 18-75 years old and not your spouse.
In this case, lenders need to determine how risky you are and can they be sure you will repay your debt. People with a bad credit score are usually eliminated right away. If this is your case, then don’t despair, there are still a couple of ways which can help you rectify this situation. Trust Two could make things easier for you.
Nowadays, there are numerous ways you can borrow money, even if you don’t have a good credit score. Credit rating doesn’t have to be your obstacle. For instance, loans that require a guarantor are one example of a bad credit loan, which means borrowing money even if your credit score is poor. When this is […]
A guarantee has numerous meaning, but the basic one we find in most of the dictionaries is the assurance for the fulfillment of a condition. However, when it comes to business, this term is applied to various cases. Some of given to customers, some to lenders, and others to third parties. To help you understand […]
Vouch is another alternative lender for personal loans. However, it’s entirely different from other lenders we reviewed so far. It’s one of the companies that has been pioneering the trust-based lending, and the vouch loan comes directly from them. Like any other lender, Vouch also has requirements. But, in their case, they are trying to […]
If you are experiencing a bad spell financially and urgently need a hash, what should you do, and where should you go? If you have bad credit, then things become even worse. Nowadays, the majority of banks approve a loan with a guarantor, but happens when you can’t find one? In recent years, millions of […]
Are you thinking or getting a loan, or, maybe a family member needs a hand? Do you know a difference between a guarantor vs. co-signor? These two terms seem to cause a lot of confusion between borrowers. But, if you want to avoid issues, or select the right loan for your needs, then you have […]
Resources available on the web attempt to rush you into choosing an online loan application and submitting to several vendors; we don’t work this way, we want you to be Credit Smart. We want to provide you with the education required to make a smart decision throughout every step of your loan process. We have […]
Finding the right fast loan is step 2 in the process of ensuring you feel comfortable with the loan you are acquiring, whether it be online or from your local bank. Often loan originators will attempt to get the most out of you that they can sell for profit, whether it be through fees or […]