Bad credit guarantor loans
Do you know that you can still get a loan even if you have bad credit? Or if you have been turned down for a loan by another lender? Or even if you are not working?
Of course the credit crunch has made banks and other finance lenders more wary and this has made applying for a loan even more difficult which is why the majority of people applying for loans in 2010 get refused. And to make matters worse, people who would normally have been accepted a few years ago are now also getting declined because lenders have made the criteria for applying for a loan much more difficult than it used to be.
In simple terms, even people with a fairly respectable credit history are now unable to get a loan.
Or they were until the introduction of guarantor loans. A guarantor loan allows anyone with a bad credit history to borrow up to £5000 without any credit checks at all. It doesn’t matter even if you work part time or are a housewife, a guarantor loans ias available to anyone in the UK who can provide us with a guarantor, ie, someone who is over 21, a homeowner and with a fairly ok credit history (certainly no CCJs or defaults)
