- Apply for £500 - £15000
- Credit Problems OK
- Non-Homeowner Guarantors accepted
- 24 hr payouts possible
- No Fees or Charges§
- Rep 39.9% APR
Borrow £500 to £15,000
Multiple loan options
Poor Credit ratings
Lessen the impact of a Bad Credit Score
Same day payout
100% Free - No Fees
Guarantor can be either homeowner or non-homeowner/tenant
Guarantor Loans could enable you to get an unsecured loan of £500 to £15,000 even if you have a poor credit history. If you provide a guarantor then there is much less reliance put on your credit rating.
These loans with a guarantor have become very popular because with someone close to you guaranteeing your loan repayments lenders are much more inclined to provide the money you need. And a guarantor loan is probably cheaper and more flexible than some other forms of bad credit borrowing.
Our free search service provides an instant comparison of deals available. Typically applicants receive 3 to 4 offers (in principle). And the deals are the same as going direct! You'll save time and be able to quickly choose the loan that is right for you.
Your steps to getting what you need:
These could suit you if you've had financial problems in the past and need an unsecured loan now. The basic idea is simple - if you want lenders to ignore a historical credit issue and lend you up to £15,000 unsecured then you need to provide someone who will guarantee repayments. Someone who trusts you to repay what you owe but could step in and help you out if you had a problem meeting a repayment.
What a loan with a guarantor does is break the link between your financial past and your financial future. Less reliance is put on scores (in most situations) and more weight on your ability to:
So, if you are one of the millions of people in the UK who have a poor credit score then a guarantor loan could help you. We work with 99% of all the UK's respected lenders - apply now!
Our fast search means that within 2 minutes you'll know who will consider lending to you! With this instant decision you can then complete your application online. If you have your guarantor in place and they are accepted then a same day payout is perfectly possible,
Also see our more detailed applicant questions page.
For someone with a poor credit status an unsecured loan with a guarantor is likely to offer a low APR / low rate than other forms of borrowing. The representative APR for this type of finance is in the region of 26.9% to 54.9% which is lower than the 70+% that is typically charged for non-guarantor unsecured loans.
Nobody is saying that 26.9% is a low interest rate nor that this is cheap, but for someone who has an impaired credit status they may be the cheapest type of borrowing they can reasonably expect to qualify for.
Make sure that you can afford the repayments and you do not simply make your financial position worse. Borrowing will be subject to an affordability assessment.
It is in your name which also means that when you have successfully repaid it it is your credit file that is improved, not your guarantor's.
If right now you don't think you could find one then consider this - over 10% of actual borrowers also initially thought they couldn't find one! And, they don't have to own their home. But if you really don't think you will be able to find one then consider instead a bad credit personal loan.
No! Our enquiry form does not require the information and our lenders can accept you in principle without a guarantor's details. However, we would recommend that you start to consider which family members or friends to approach. The sooner you sort this out the sooner you can complete your application.
Sometimes guarantor loans are mistakenly called "Guaranteed". Nothing is guaranteed as the lending decision will always include an assessment of the applicant's ability to repay; the so-called affordability check.
When it comes to getting you your guarantor loan our online service is second to none. In fact Solution-Loans.co.uk has scored based on 198 ratings & 31 user reviews for its guarantor loans service.
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