Guarantor loans are special loans that allow people with a poor credit history (even an absolutely terrible credit history!) to obtain a loan of up to £3000 and assuming you find someone applicable to endorse your application (the guarantor), then you are guaranteed to get accepted.

A guarantor loan is an unsecured loan which means that it is not secured against your property or other asset (this is definitely not a logbook loan or anything similar!) and is particularly suitable for:

• Tenants – private or local authority
• Homeowners without equity in their property
• People living with their parents / family

In addition and as mentioned before, there are absolutely no credit checks which means that even if you do have a track record of missed rent or mortgage payments, late credit card payments or even if you have a few defaults or county court judgements (CCJs), then as long as you provide a suitable guarantor, then you are 100% guaranteed to be accepted.

How does a guarantor loan work?

The loan works like this; the borrower makes an application through www.anytypeofloan.co.uk as normal. They will also provide details of the person who will be their guarantor (more details on who can be a guarantor further on) on the application.

We will then work out the repayment schedule, the interest rate (usual high street rates) and the repayment period and then we will assess the application based on the guarantor’s credit history, not the borrower’s. Once agreed the loan will then be paid into the borrowers bank account and a monthly direct debit will be setup in the borrowers name and all monthly repayments will come out of the borrowers bank account.

So where does the guarantor come in?

Aside from the initial assessment, the guarantor will have no further part to play unless the following situations arise:

• Borrower cannot repay the loan
• Borrower will not repay the loan

If either of these situations develop, then the guarantor will become liable for the outstanding loan including costs. The lender can also instigate legal proceedings against the guarantor, not the borrower, if the loan is not repaid under the terms of the loan agreement, so any potential guarantor need to understand the role they will play and their legal obligations in respect of the loan. Obviously, any non repayment will reflect on the guarantor and not the borrower which means that the main credit reference agencies such as Equifax and Experian will be informed and this will severely hamper someone’s ability to get accepted for any future credit.

Who can be a guarantor?

As long as the person endorsing your application is a homeowner, has a clean credit history, is employed in a full time position and is over the age of 21, then it can be absolutely anyone. You could call upon a family member, neighbour, colleague or in fact anyone who has a clean credit history and is prepared to back up your application and of course, be responsible should you not meet your obligations with the loan.

And finally it is worth remembering that taking out a guarantor loan will mean that the borrower will be taking on certain responsibilities and regardless of whether they are responsible for the repayment or non-repayment of the debt; they have to understand the implications. However there is a plus side to this as it also means that if the loan is repaid on time every time, then the borrower’s credit profile will also improve as an indirect result of the loan being conducted properly throughout the term.

To find out more (and remember that we never charge any upfront fees) simply complete the simple online enquiry form here.

We can help you if you are looking for a guaranteed loan and we will also guarantee not to charge you an upfront fee for any loan application. This product is ideal for those people who are looking to repair their credit and rebuild their credit history as it enables people with the worst forms of bad credit such as rent and mortgage arrears to obtain a loan.

This is a very different loan product to a guarantor loan as there is no other party involved, the loan is applied for in the borrowers name and all lending checks are done in the borrowers name and of course, the monies are paid out to the borrower. Another good use for the guaranteed loan is for those people that have too many payday loans outstanding as this product will allow you to pay off those loans and get yourself out of this cycle of debt.

Guaranteed Loans

If you are interested in a guaranteed loan then get in touch today and we will help you out.

Many brokers charge fees to their customers for leads that don’t materialise but if you are looking for a loan with no upfront fees, anytypeofloan.co.uk can help you as we never charge customers a fee, upfront or otherwise.

Loan brokers that charge an upfront fee to customers are in our opinion, nothing more than scam merchants because the way they work these things is to charge a customer a fee when they call to apply for a loan (usually £40 or £50)and then even when the customer has been declined, they refuse to refund the fee and many customers end up doing this with 2 or 3 loan brokers meaning that they may have paid out anything up to £150 for a loan that will never (and was never likely to) happen.

The main problem with this, is that the types of applicants that apply for these loans with upfront fees are exactly the type of customers who cannot afford to lose this sort of money in the first place and in our opinion it is nothing short of disgraceful and the firms concerned should be ashamed of themselves. You will usually find that these firms target borrowers with a poor credit history or a history of missed payments, low incomes or even the unemployed as many will say that they can offer loans for the unemployed which is probably true but we would hate to think what sort of interest the customer would be charged.

No upfront fee loans

We work with a number of partners that will never charge you for a loan until you have had your loan application agreed and even then you will never have to fork out the money yourselves because the fee will be deducted from the loan amount. We also make sure that the loan fee is never more than £40 and as with all of our loans, if you are unhappy with your loan or the service you received, we will cancel the transaction and you will have lost nothing at all.

Just complete the simple application form on the right hand side to apply for your loan with no upfront fees.

Tenants loans are exactly the same as any other unsecured loan, it just means that you do not have a house to offer as security for your loan which is why they are called tenants loans. Confused? Then read on!

When a lender offers you a loan, they need to be as certain as they can that the person borrowing the money will be able to repay it. Now the problem with a tenant loan is that from a lenders perspective, it is a pretty risky affair to be lending money to someone who doesn’t have a house. It means that if the borrower defaults on the loan then the lender has no recourse in terms of getting their loan back because the usual course of events is that the house would be repossessed, sold and any profit would be paid out to the creditors, in this case, the people borrowing the money. However, an unsecured tenant loan (where there is no house to offer up) means that the lender is taking a chance and hoping that the borrower keeps to the terms of their finance or credit agreement.

Here at the tenant loan specialists, we search the whole market and make sure that we find the best deal for your circumstances, whether that is an unsecured loan, secured loan or a tenant loan and we will endeavour to find deals that offer no upfront fees and if possible, a flexible payment plan.

You can also see a list of our previous posts and articles on loans and in particular, tenants loans by clicking on the various links below.

Debt consolidation loans

Bad credit loans for everyone

Bad credit tenant loans

Cheap debt consolidation loans

Debt consolidation loan with bad credit

Fast loan UK

Got bad credit need a loan?

Guarantor loans

I need a loan asap

Instant decision bad credit loans

Instant decision loans

Loan calculator

Bad credit loans

Car loans

Homeowner loans

Pay day loans

Tenant loans

Looking for an instant decision loan

Need a fast loan

Need a loan asap

Payday loan lenders UK

Quick loans

Quick secured loan

Super fast loans

As you can see, our loan service is pretty extensive and covers every type of loan for every conceiveable scenario so whether you are looking for a secured loan or an unsecured loan, anytypeofloan.co.uk will have the answer for you.

Every person has a need of some sort but it is not necessary that everyone have the resources to meet those needs. Some may have the resources but the greater percentage of the population will not have the resources but this does not mean that the needs should not be realized.

The possible solution to that is to get your need satisfied through a loan. Now day’s loans are available for every possible need. A person can get the loans on his conditions very easily. A person can get loans for any of the following purposes.

· For debt consolidation
· For business purposes
· For weddings
· For education purposes
· As instant payday loans
· As bridging loans

The loans in the UK market are available in various forms. Depending upon the requirements and the financial conditions the customers can choose either a secured loan or an unsecured loan. The only difference between these two is that a security is required to avail these loans and in turn the creditor offers you comparatively low interest rates and freedom to choose your repayment plan.

Loans in UK are also available to people with bad credit history as well i.e. people like CCJ’s, defaults, arrears or people who have previously filled for bankruptcy. All they need to have is knowledge of their credit score, which represents their financial credit worthiness. It also provides them with an opportunity to rectify the credit score and get normal terms next time of taking loans.

Loans in UK are tremendously flexible as well with flexibility in every step of the loan taking process. Flexibility in choosing a loan, type of loan,  amount of loan and also the repayment schedule.

All the people who want to apply for loans can apply for loans either by applying on line or applying to a local loan provider. You will need to go through similar processes in any case. A borrower must make sure that he fulfills the criteria for taking a loan, which include.

A borrower must be a UK citizen
A borrower must also fulfill the age criteria
The borrower must have regular and recurring income
Any other criteria that the creditor may require of you

After you have fulfilled the criteria all you need to do is just wait for the decision of the creditor.
No matter what your profile is a loan is helpful to you. Loans in UK are no different to those offered in other regions in fact they are better than their counterparts so if you have a need but no finance there is no need to worry you can always bank on loans.

Well, the answer to this in a nutshell is yes they do. It’s important that you understand the concept of a guarantor loan and also understand that if you are being the ‘guarantor’ part of the guarantor loan, that fully appreciate the role you will play in the application.

Remember
Our panel of brokers are experts in trying to find clients the right loan for their circumstances.

In essence, a guarantor loan means that the applicant is applying for a loan along with someone else who will vouch for them, in effect they are guaranteeing that the loan will be repaid even if the applicant fails to make their monthly payments. This is because the applicant has usually been refused a loan through the traditional channels such as banks and loan providers. It may be for one of the following reasons:

Bad credit history or no credit history

Claiming state benefits

Unemployed

Student

This is where a guarantor loan comes into its own. Because the lender does not assess the applicant on their own merits, the issue of bad credit or unemployment does not cause them an issue. The application is assessed on the guarantors ability to repay the loan. So if Miss A approaches a high street lender for a loan but she does not work and only receives state benefits. After getting refused she applies to a guarantor loan specialist. They also refuse but ask her to nominate a guarantor, someone like a friend, neighbour, relative that has a fairly clean credit history that will support her application.
The application will be assessed on the guarantors ability to repay the loan should Miss A default on her payments. So, Miss A gets her loan and makes the monthly repayment directly to her lender and the guarantor sits behind the loan and will guarantee to make the full payment should Miss A default on her committments. That is why a guarantor loan is the best way forward for individuals who suffer from a less than perfect credit history.

A tarnished credit history is a big problem in taking out a new loan. This is because of the risks attached in making a deal with borrowers from a lenders perspective. Hence, they have few options than to find out poor credit tenant loans, which are designed for all types of tenants including those living in council houses, private tenants  and with parents. Still, these loans require you to meet certain conditions as well.

There are no risks involved for the borrowers in taking out the loan in the range of £3000 to £25000 for any purpose like paying off old loans, debt-consolidation, purchasing a car, going to a holiday tour etc. The lenders do not take any property for collateral, making these loans ideal for the tenants. These loans take into their fold all the borrowers, who have late payments, defaults, arrears and CCJs mentioned in their credit report.

However, the approval will come only when you have proved your repayment capability through documents of employment, earnings and past records of your bank statements along with prove of residence.

There are plenty of offers of poor credit tenant loans on internet. It is prudent to first ask for the lenders’ rate quotes. You should settle for an offer that has competitive rate of interest and that comes at fewer extra fee charges. Not only that, you must ensure that the repayment is made without missing any installments in order to make good improvements in your rating.

A little disadvantage is that poor credit tenant loans are known for a bit higher interest rate because of smaller amount. The repayment can be made in few months to 15 years as is your repayment capability. However, the rate is generally fixed, implying that the payments will remain the same for all the installments.

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If you are looking for a loan and think you will be refused because of a bad credit history, why not apply for a pension loan where a bad credit history doesn’t matter. It is different from pension release because you do not have to wait until you are 50 to get the pension loan. You can find out more by visiting our enquiry page here at pension loans.

Can I get a tenants loan is a question we are often asked here at antypeofloan.co.uk.

Well, the simple answer is as long as you are 18 years of age and not bankrupt then yes, you do qualify for a tenants loan. To see how easy it it is to get a tenants loan just visit Tenants-loans-made-easy, our simple guide to getting a tenants loan which explains the criteria needed to apply for a tenants loan. A tenants loan is just like any other unsecured loan and here at anytypeofloan.co.uk we have a reputation for being able to find everyone a loan, no matter how poor their credit history may be.

Not only do we provide loans to tenants but we also provide guarantor loans to people who have a terrible credit history. A guarantor loan allows you to apply for loans even if you have a bad credit history.

Other debt options

Some of our clients don’t qualify for a debt consolidation loan so we now offer alternatives such as debt management plans or IVAs. Whether it is a debt management plan or IVA has any upfront charges and it means that a percentage of your debts could be wiped out forever.

Obtaining a loan isn’t as difficult as you may think. Here at the Tenants Loans specialist, we always make sure that all of our loans, mortgages and credit clients are treated with respect and complete confidentiality and that is why we have such a great reputation for providing loans in a timely manner. If you are looking for a loan then you can simply apply for a loan here.

A tenant loan is just another type of unsecured loan. This means that the loan offers the bank, finance company or lender no security…in other words, if you default on the loan repayments then there is no way for the lender concerned to get their money back (apart from the usual debt collecters and default scenarios) which is why the loan is known as an unsecured loan. A tenant loan is just another fancy way of saying it is a loan for someone who doesn’t have a mortgage and we specialise in getting loans for people regardless of how bad their credit history is or how many other loan providers and lenders they may have tried.

You can also try for a loan using a guarantor. A guarantor loan is where someone ‘vouches’ for the borrower and in effect, pays the loan in the event that the borrower defaults on their repayments and again, a loan with a guarantor can be applied for by a tenant or a homeowner, it doesn’t maatter either way as the loan criteria applies to both. So if you are looking for a loan and you are a tenant, then we are the tenant loan specialists so get in touch today and see what we can do for you.

If you are want a tenant loan then you are in the right place. Here at anytypeofloan.co.uk we are specialists providers of tenant loans for people with bad credit problems or for people that may have been refused by other lenders or loan brokers.
A tenant loan is much the same as any other unsecured loan (an unsecured loan is a loan that is not secured against an asset like a house and it means that it is harder for a lender to get their money back which in turn means it is a more risky type of loan and therefore, harder to get hold of than a secured loan) in that the customer will have to go through a credit check process with whoever the lender offering the tenant loan is.

If you are looking for a debt consolidation loan then that is completely different to a tenant loan altogether and you can find out more about loans that help you consolidate your debts into one monthly payment by visiting the debt consolidation loan experts. The other thing to consider is that if you have too much unsecured debt then you need to look at other debt management options and we have outlined a few of those below. So if you want to apply for a tenants loan today then make usre you complete our simple 1 minute tenant loan application.

If you have debts of more than £10,000 then we can arrange an individual voluntary arrangement or IVA as they are known. If you have debts of less than £10,000 then a debt management plan may be the answer to your debt issues.

We help Liverpool residents who are looking for a loan and you can find us in plenty of online directories under the heading of  Liverpool Loan Company. Not only do we supply loans to Liverpool residents but we also provide Free debt advice through one of our sister firms, Debt Help Online.

We specialise in Guarantor loans and loans that require the services of a guarantor as this allows us to offer almost every applicant, whether a Liverpool loan borrower or a national one, an almost guaranteed loan because the loan application is assessed on the guarantor, not the borrower so this means that even if you have a pretty poor credit history or a less than perfect credit history, you are almost certain to be accepted.

Most loan services in Liverpool do not offer the choice of a guarantor and yet we know for a fact that the acceptance rate for a guarantor loan runs at about 82% wheras for a more traditional loan, the acceptance rate runs at just 3% for an unsecured loan and just 18% for a secured loan.

We won’t bother you with the differences between unsecured and secured loans right now (there are plenty of other posts on that subject that you will find on our website) however suffice to say that an unsecured loan is a greater risk to the lender which of course means it is harder to get accepted for. A Guarantor loan is also an unsecured loan.

A secured loan is of course a loan that is secured against your property so it is only suitable for homeowners and tenants do not qualify for secured loans.

If you in Manchester and looking for a loan, then anytypeofloan.co.uk can help you. We provide loans for all types of reasons and for all types of applicants and WE NEVER CHARGE FEES!

We are specialists when it comes to tenant loans and other forms of finance such as unsecured tenant loans, bridging loans and payday loans and our service is recognised as one of the fastest and most efficient loan services in the UK and because of this, we are one of the UKs fastest growing loan brokers with a growing reputation for fairness, transparency and responsible loan guidance.

We are based in Timperley near Manchester and we are one of the few loan brokers that can truly claim to be a genuine Manchester loan broker unlike many of our competitors who are based purely online. You can visit us in person, telephone us or simply complete the online application form on the right hand side of this page.

Secured loans

We also provide secured loans to people who own their own home and these special homeowner loans are generally cheaper than an unsecured personal loan because the lender in question will have greater security over the loan so if you do default on your payments, they can apply to reposess your property. However, if you don’t own your property (or have a mortgage on it) then you will need to apply for an unsecured tenant loan instead and these tend to be more common.

So if you are looking for a loan in Manchester, Simply apply by completing the application form on the right hand side.

Great little video which talks about tenants loans and other money and finance related matters.

PLEASE NOTE: THIS SCHEME IS A PENSION BACKED LOAN ONLY AND DOES NOT INVOLVE RELEASING MONEY FROM YOUR PENSION – PLEASE SEEK THE ADVICE OF A PROFESSIONAL AND QUALIFIED PENSION SPECIALIST BEFORE MAKING ANY DECISIONS. WE DO NOT OFFER ANY ADVICE AS TO THE SUITABILITY OF ANY SUCH LOAN. THE TERM PENSION RELEASE IS USED FOR MARKETING PURPOSES ONLY.

Do you have a frozen pension?

Perhaps an old company pension that you had previously forgotten about?

Do you need money now but keep getting refused for a loan?

Then you should apply for a pension loan as it allows people to take a loan against their current private pensions or old or frozen company pension. The criteria is really simple: as long as you have at least £10k in your pension fund and it is a old company pension that you are no longer paying into, or a current private pension, then your application is guaranteed to be accepted. Pension loans are completely different to pension release or early pension release as it is sometimes known and in no way shape or form does this mean that you take money out of your pension now, a pension loan is just that; a loan that is made now against your pension that will be repaid by your pension when it is due to mature.

There are believed to be millions of old, frozen company pensions that are just doing nothing and yet so many people who are in desperate need of a loan could take a pension loan out against those old pension funds. If you are intersted in taking out a pension loan and you have a frozen pension, why not enquire today?

PLEASE NOTE: THIS SCHEME IS A PENSION BACKED LOAN ONLY AND DOES NOT INVOLVE RELEASING MONEY FROM YOUR PENSION – PLEASE SEEK THE ADVICE OF A PROFESSIONAL AND QUALIFIED PENSION SPECIALIST BEFORE MAKING ANY DECISIONS. WE DO NOT OFFER ANY ADVICE AS TO THE SUITABILITY OF ANY SUCH LOAN. THE TERM PENSION RELEASE IS USED FOR MARKETING PURPOSES ONLY.

We do not offer pension release but we do offer pension loans. The pension backed loans we offer are available to everyone regardless of their credit history so even if you have been turned down for a loan before and you have an absolutely terrible credit history, it doesn’t matter because unlike pension release, a pension loan is offered to UK pension holders and only repaid back when the pension becomes payable, usually at 50 or 55 onwards.

There are a couple of key criteria when applying for a pension loan and they are noted below. Remember, this is a loan and nothing at all to do with cash in pension or early pension release.

There needs to be a minimum of £10k in the pension fund

If it is a company pension, it must be frozen i.e. not paying into it anymore.

A private pension is fine even if you are still paying into the scheme.

And that is all there really is to a pension loan. It doesn’t mean you are relaesing cash from your pension and we do not offer any advice on your pension options, for all pension related advice you should speak to a qualified and authorised pension specialist. The pension loan can be repaid at any time but most people prefer to make the full and final repayment when their pension becomes payable, usually at 50+. If this is the route that you decide then there will be no repayments at all until your pension falls due.

So if you were looking for a pension release product, why not try a pension loan instead?

A guarantor loan is becoming one of the most popular finance products in the market today and allows anyone seeking credit to apply for a loan, even if they have been refused elsewhere or have a bad credit history.

So what is a guarantor?

A guarantor is a person who has agreed to guarantee the repayment of a loan, should the borrower not be able to repay it for whatever reason. It could be a case of the borrower not being able to repay the finance because they may have lost their job or they simply cannot keep up with the repayments because they have over extended themselves financially. However it can also be because they simply do not wish to repay the loan…either way (and it doesn’t really matter what the reason is) the guarantor will become responsible for the outstanding debt which is why guarantor loans are sometimes known as guarantee loans,  because the lender knows that their loan will always be repaid whenever a a guarantor is being used.

This is even more relevant during the credit cruch because every bank and lender that offers credit and finance, needs to be 100% certain that they will get back any money that they lend to their customers and this form of loan guarantee gives financial firms comfort that their loans will be repaid on time every time. One thing to point out is that all guarantor loans are…

Unsecured loans

An unsecured loan means that the finance is not secured against property, hence the term, unsecured. Unsecured loans come in many forms that you are probably quite familliar with such as payday loans, logbook loans, tenant loans, car finance, etc an they are one of the most popular forms of credit available today as the application process is simple and quick and allows anyone to appply for a loan, regardless of whether they are homeowners or tenants.

To find out more about our guarantor loans, just get in touch today via our simple, 30 second loan enquiry form and we will do the rest.

I have already written about the financial necessity of saving a portion of any income payment that you receive. This means that a percentage of every single source of income is set aside, marked, or tracked as money that you cannot spend. This task isn’t optional if you want to have some basic financial stability or start growing some serious wealth. Saving is the first step and it is the easiest, simplest, but the most emotionally difficult step. I know that starting to save money is emotionally painful because spending money is easy and pleasurable, while saving money feels difficult and challenging. But like any behavior, it becomes easier and natural the more you do it.

As a review, the billionaire John Templeton started out working during the Great Depression but he saved 50% of his income. This guy was serious! OK, you may have a lot of fixed expenses that you just can’t cancel immediately, but at least enroll in financial nursery school by saving 1% from all the income that you receive. Or start with only $3 a month and then ratchet up your savings rate continually until you are at least over 10%; or if you are ambitious get it over 30%. (If you are trying to find the loophole, this savings is your after-tax income that you can spend – don’t count your 401K or medical savings accounts or any other qualified money that you don’t have full/immediate access to spending).

The remainder of this article is about what to do with that savings. Economics is the study of allocating scarce resources. Personal economics are similar, but I think that it is better described as: The allocation of your income that you can’t spend. If you don’t spend this money, and maybe have it setting aside in savings account, what do you do with it? Do you pay down on a credit card, save it for a car, donate it to a worthy cause, or purchase a bank certificate of deposit? How do you go about deciding?

Well, I have given this some thought and have reached a few conclusions. It is my view that your monthly savings needs to be divided among four mandatory categories. By this, I mean that among the zillions of things you can do with savings, it is my view that four of them are absolutely mandatory. For example, if you earn a paycheck (and after all of the taxing authorities take their share) of $1,000 that you can deposit into your checking account and you’ve chosen a personal savings percentage rate of 8%, then you move $80 ($1,000 X .08) into a separate savings account. Now, you will take this $80 and divide it up into at least the four mandatory categories I am going to discuss, along with any other categories that you value. In this way you’ll have the whole $80 assigned to specific financial duties to meet your financial goals.

Here are the four categories in priority order:

1. The Vault – this is your wealth account. Money gets deposited into this account and it never leaves, like a one-way valve. The Vault is invested and the principal is never spent. It will grow into the largest part of your net worth, generating nearly all of your investment income. If you don’t start creating wealth penny-by-penny, you’ll never have any.

2. Soft Savings – a delayed spending account. This money is marked for things that you want to buy, but can’t afford to purchase with normal pocket money. For example, a house, car, boat, vacation, college fund for kids, planned medical care, clothing, jewelry, etc. But this also includes maintenance to your home, like a roof, new appliances, new siding, paint, landscaping, remodeling, etc.

3. Paydown Debt Balances – making extra principal payments on your credit cards, car loans, and your mortgage. By chipping away at these expenses you will eventually eliminate them all, and then have more money available for other categories. Personal debt is the opposite of financial freedom and dramatically makes it more difficult to reach your financial goals. If you doubt this, look at the interest charges you pay each month and imagine if that money had been invested instead.

4. Financial Education – books, magazines, newsletters, seminars, software, investment memberships. Also, hiring professional financial advisors, tax accountants, estate attorneys, etc. (Avoid free advice a buddy, your cousin, or a friend’s neighbor – buy the best, most expensive professional advice you can afford).

As I mentioned before, you can put your savings into places that are only limited by your creativity. But it is my view that these four areas are so important that they need to be continually fed money in a systematic manner.

If you are missing the first account, The Vault, you’ll never have the money to start investing so you’ll never receive any investment income. This is pretty much the goal of all personal finance, to help you generate the most investment income. That is why this is the most important of the four categories, to get your money earning money so that you don’t have to. (I do not consider any retirement accounts or qualified accounts to be Vault money. This is because you do not have direct control to invest the money or receive any investment income until the government decides that you can).

If you are missing the second account, Soft Savings, you either can’t buy what you want, or you have to increase your personal debt. This is moving in the opposite direction of financial freedom – you are reducing the amount of money that you can spend each month by the amount of the debt payment, and you are reducing your net worth by the principal and interest that you’ll be charged. Another symptom of a lack of Soft Savings is disrepair to your car, home, and health because you don’t have the money for upkeep. Everything physical needs to be maintained, from your teeth to your vacuum, and it costs money to do so. This depreciates the financial assets that you own, and puts at risk the most important quality of life – your health.

If you are missing the third account, Paydown Debt Balances, you are simply going to be the patsy in the financial game of life. People that are building their wealth collect lots of little interest payments from the people that are destroying their wealth by making lots of little interest payments – money is transferred every month from one group of people to the other. Which group do you want to be in? Well, your Vault can automatically put you into the group of wealth-builders and your Paydown Debt account starts to extract you from the group of wealth-destroyers. The Paydown Debt account puts you on track to permanently extinguish all of your personal debt. The sooner a personal debt is paid off, the more rapidly you can take all of this money and put it into the other categories.

If you are missing the fourth account, Financial Education, you won’t know how to captain your Vault, and you may run it straight into the rocks. Only you will manage your money in a manner that will be to your maximum benefit. So it is best if you pay to learn how to handle money and learn where to put it. But not everyone has an interest in these subjects, and that is fine. For them, instead of personally managing your money, you are going to personally manage your financial advisors. You’ll be spending money and time to hire and manage the advisors to attend to financial details.

By allocating your savings into these four categories you are addressing the four most important elements of financial management. You’ll be making certain that: Your investment income will always increase by adding to your Vault; you’ll have money available for extra expenses with your Soft Savings; your net worth will always be increasing with a Paydown Debt account; and you’ll intelligently learn how to lower your investment risk, raise your investment returns, and lower your tax liability with your Financial Education account. The only source of money to build these critical financial functions to increase your income, net worth, and stability is your savings – you simply have to do it.

I recommend you fund these accounts simultaneously – do not focus only on debt or only on education because I have seen how it is financially detrimental to do so. For example, let’s say that you really want to paydown your debt so you don’t contribute anything to The Vault. I have found that if you don’t have any investments, your investing skills will be under developed. You will not know how to invest once your debts have been paid off, you’ll have no investment income to manage, you won’t be looking for investing opportunities because that is something you can’t afford right now, etc. And as a result, it will be harder to get into the investing game later, you’ll have more to learn in a shorter amount of time, and may just avoid it altogether and put Vault money into a low paying account.

How much do you allocate among the four categories? Anything more that zero! It is up to you, and your financial situation will fluctuate and be different from others. Just to get some starting percentages, below is my allocation. It is not a recommendation for anyone, it is just what works for me right now.

My current savings rate = 20% of all after-tax income.

(This does not include 401K, medical savings accounts, or other deferred/qualified withholding). This means that 20% of all cash income that hits my checking account each month is set aside into these categories:

1. The Vault receives 50% of total savings each month.
2. Soft Savings receives 20% of savings each month.
3. Paydown Debt receives 20% of savings each month.
4. Financial Education receives 5% of savings each month.
5. And that leaves 5% for other categories each month.

You may receive continual, ongoing income, in addition to some rare, one-time inflows of money. The percentages detailed above are how I allocate regular income savings. But if there is any one-time inflow of money (garage sale, bonus, extra project), then I take 90% of the proceeds and split it among the four accounts, and the other 10% is just spent. You can create your own money rules for different types of income; you can tell by my allocation percentages that my primary focus is to build up the balance of the Vault.

The amount of money that you can save from every source of income is your key to a brighter financial future. Contrarily, a risky and dimmer financial future awaits those that refuse to systematically save money. So be sure that you take the steps necessary to set savings aside and then simultaneously divide it among the four mandatory accounts by consistently allocating money to them. You don’t have a financial foundation without these four accounts, but with them, you can build as high as your ambition takes you.

Looking for a gurantor loan? Then you have come to the right place because we are the experts in all loans with a gurantor and are renowned for our quick service, professional approach and competitve loan terms. Secured loans, unsecured loans, tenant loans, it doesn’t matter because we cater for any type of loan at all and that includes adverse credit loans and bad credit loans.

So don’t delay any longer and apply with the guarantor loans specialist today.

Gurantor loans are loans that allow people with a bad credit history to get a loan. The loan is assessed on the gurantor and not on the borrower, although the borrower will be the one maintaining the payments each month. The gurantor only gets involved if the borrower fails to repay the loan for any reason.

Bad Credit Personal Loans have not only been designed to provide consumers with a personal loan despite their bad credit issues but these loans can also help you to get your credit back in good standing. Personal loans for people with bad credit can be used for any (personal) purpose and you can usually get your money in hand faster than a regular loan.

With the on-line availability of these types of loans you can avoid the hassles of going to different loan institutions when comparing personal loans. It is pretty easy with the aid of the internet, you can apply safely online at literally 100’s of lender websites. The interest rate charged by personal loan lenders may very depending on the type of bad credit personal loan you choose.

Secured Personal Loans

Secured bad credit personal loans are probably going to be the best choice because they can be taken on any amount (depending on your collateral) and their approval time is usually quite fast. Two choices for personal loans for bad credit are: one offers you fixed interest rate and the other, variable interest rates. Secured bad credit personal loans are usually easier to obtain than unsecured, if you have bad credit. The market for secured personal loans is getting larger every day. The rates of interest on secured loans are getting lower and lower because of the increase in the number of lenders and if you shop around you can find some incredible deals.

Unsecured Personal Loans

The Unsecured type of bad credit personal loans usually come with a much higher interest rate than what you can get with secured bad credit loans. The best part with bad credit unsecured personal loans is that you don’t have to put up collateral (your house or car etc…) and be at risk of being repossessed if something happens and you default on the loan. The better your credit rating is, the better interest rates you will be getting for bad credit personal loans.

Well don’t panic! We help thousands of people get a loan even if they have been turned down elsewhere and reallywhen you think about it, that should be exactly what we should do as a bad credit loan broker. So, please do not worry if you have been turned down before or you think you may well get turned down for a loan if you apply again, we have a great reputation and we know what we are doin so whether it is a guarantor loan you are looking for or a bad credit loan, we can help you today.

Just click here to apply for a bad credit loan today.

Is a question we are often asked because the person may have a bad credit history such as a few missed payments or a few defaults or CCJs. The whole point of a bad credit loan is to help people who have or are suffering from bad credit so the lenders know that it is vitally important that when they are considering an applicant for a loan, that they make sure that there is a loan product or mortgage scheme available for that person.

Here at anytypeofloan.co.uk, we make sure that all of our clients are looked after financially and that is why we have a reputaion as one of the fairest and most ethical loan brokers in the UK.

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• Mortgage lending still increasing (news.bbc.co.uk)

Your credit rating is extremely important to your financial future, and those with a low credit rating will often find it difficult to get any sort of finance until their credit improves. This could affect your abilities to get anything from a credit card or loan to a mortgage or car finance, and as a nation that relies heavily on credit this could spell disaster for many.

Your credit rating can be adversely affected in a number of ways. Most commonly is failure to make bill and finance repayments on time or defaulting on payments altogether. However, other factors such as association with those with bad credit or being the victim of identity theft can also affect your credit rating – as can a simple human or computer error by credit reporting agencies or agencies that register details with these companies.

There are a number of ways in which you can help to improve your credit or maintain good credit. This includes:

1. Always maintain timely repayments on bills and financial obligations, as this will help to maintain good credit. If you already have a tarnished credit history or rating make sure that you focus on making all of your repayments on time and for the amount s requested to try and start improving your credit.

2. Keep a check on your credit report. This can easily be ordered from the credit reporting agencies. Monitoring this will enable you to check that no errors have been made that could be affecting your credit rating, and will enable you to identify any cases of fraudulent activity that could also be affecting your credit.

3. If you already have poor credit consider taking out a credit card or loan that caters for those with bad credit. By taking out a bad credit loan or credit card, and making sure that you make the repayments on time and for the amounts requested, you can start to slowly bring your credit back up.

4. Focus on paying off your debts. If you have a high level of debt then you run the risk of falling behind with repayments and adversely affecting your credit. By clearing the debt as quickly as possible you can reduce this risk. If you already have bad credit and are in debt, you could see improvements in your credit rating by clearing the debts as quickly as possible and ensuring that you pay at least the requested amounts on loans and bills each month.

5. Look out for scams that offer fast solutions to repairing credit. These usually charge a fee and offer only a temporary reprieve by questioning any factors that may be affecting your credit. The best way to repair your credit is to be sensible and responsible about repaying your debts and paying your bills, and although it may take some time this is the most effective long term solution to credit repair.

The people who are afraid they will be refused approval when they take up loans are usually the ones who either do not have a credit history to prove their credibility or have a low credit score. For such borrowers, there is an opportunity that will be available to virtually any borrower and it is called No Credit Check Loans.

The borrowers can get the money they require for any personal needs through these loans. No checks are made on the borrower’s financial history. Even if they have a bad credit history, it will not be taken into consideration and they will be considered equals with the people who do not have a history altogether.

These loans are available to the borrowers through the secured or the unsecured form. It is up to the borrowers that they should decide which loan deal will suit them better. Here at anytypeofloan.co.uk, we can help you with type of loan product, whether it is an unsecured loan or a secured loan.

There’s only one way to discover the “health” of your credit. You need to examine your credit report. Your credit report is your “consumer identity” that potential lenders will use to judge your credit worthiness.

Use these tips to give your credit profile the “tune-up” it needs:

Tip #1- Check for Errors
Your credit report or profile is more than just a collection of who your creditors are and how much you owe them or have paid them.

The first thing you need to do is carefully check that your credit report is accurate. Nearly 70% of credit reports contain errors.

These errors may be as simple as an incorrect middle initial or address. Or it could be as serious as a creditor reporting that you were late with a payment when in fact you were not late at all.

This error might not seem like a big deal to you. However,to a future lender like a mortgage company it makes a big difference !

Carefully examine your credit report and if you find an error contact your creditor and the credit bureaus. Catchand correct these errors now before it hurts your chances of securing credit in the future.

Tip #2 – Correcting Errors
The two most common errors contained in credit reports are:

1) wrong account information
2) incorrect recording of late payments.

If you find an account reported that does not belong you, you need to contact the credit grantor or issuer immediately. Remember, finding accounts that you have not personally opened is a sign of possible identity theft.

Hopefully you’ll discover that this error is nothing more than an oversight and not an identity theft problem. Most often this occurs when they report an account belonging to a family member or someone with a similar name on your credit report.

If your problem is an error in reporting a late payment you will need proof to back up your case before this error can be corrected or removed. The most common error occurs when a payment is reported as “late” when it was actually a current or “on time” payment.

In either case, the problem can and should be corrected. You will need to correct the error in writing. Keep a journal or log of all calls and correspondence.

The Fair Credit Reporting Act (FCRA) requires the credit bureaus and the agency reporting the information to the credit bureau to correct inaccurate information in your credit report. Therefore, it is important that you contact both the credit bureau and the creditor whose information is in dispute.

A sample letter is included here to help you in correcting your credit profile. Make sure that you clearly identify the information that you dispute, include copies of receipts or documents that support your position. Then request that the information be corrected or deleted from your file.

Send your letter by certified mail and request a return receipt from the recipient. Keep all correspondence that you mail out. Give the agencies involved 30 days to begin their investigation. You can call them but be aware that phoning them does not protect your consumer rights! You must notify them in writing to protect your rights.

They must notify you of the results of their investigation. Although the process will take time, it’s important to do it. This is your credit profile, your “consumer identity” that is at stake. Don’t expect an error to correct itself.

At your request, the credit bureaus must send notices of corrections to your credit profile to anyone who has requested your report in the last six months. If you applied for a job and were turned down because of inaccurate information in your credit report, you can have the corrected report mailed to anyone who received a copy in the past two years.

++++++++++++++++++++++++++++++++++++
Sample Dispute Letter
Date

Your Name
Your Address
Your City, State, Zip Code

Complaint Department
Name of Credit Reporting Agency
Address
City, State, Zip Code

Dear Sir or Madam:

I am writing to dispute the following information in my file. The items I dispute are also encircled on the attached copy of the report I received. (Identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.)

This item is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information.

Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please reinvestigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.

Sincerely,
Your name

Enclosures: (List what you are enclosing)

Originally Posted at http://www.ftc.gov/

++++++++++++++++++++++++++++++++++++

Tip #3 – Budget Planning
You can also use your credit report to help you plan and implement a personal budget. Your credit report will show you where you are spending your hard earned dollars. While the credit card balances may not be completely current, you’ll still see which of your cards has the highest balance outstanding.

If you have more than one major credit card you should compare the annual percentage rate (APR) you are paying on each account. If you are working on a budget to “pay
down” your credit cards, start by paying down the one with the highest APR or interest.

Once that credit account is paid off, move toward paying off the account with the second highest APR. Using this method you will be able to concentrate your efforts toward paying down your outstanding credit obligations.

You should also check with your credit card company to see what’s the best annual percentage rate (APR) they can offer you. If you are a good customer, you can often qualify for a lower rate than what you are currently being offered.

Caution: Ask if the new rate you are getting is a “promotional” rate or a “contract” rate. A promotional rate will expire at the end of the promotional term, for example 6 months. A contract rate does not have an “expiration” as long as you continue to meet the terms outlined by your creditor for that rate.

Tip #4 – Making a major purchase
If you are considering a major purchase such as a car or a home, checking your credit report gives you the chance to see what a potential lender sees and uses to judge your credit worthiness.

You want to make sure that your credit report is accurate before you apply for that sports car or new home. Errors or problems can be corrected before your lender can use
those against you and deny your credit request. You’ll also have a better idea of what type or rate of credit you should expect from a potential lender.

Tip #5 – Check your credit report regularly
Check your credit report regularly. Guard your “consumer identity” as you would anything else you treasure. Use your credit wisely, along with these tips, and you will enjoy the benefits that your good credit and your good name deserve now – and for years to come.