Have bad credit?

Been refused for a loan elsewhere?

Then if the answer to all three of the above questions is YES then we can help you. A guarantor loan is the same as any other loan, the only difference is that if you decide you don’t want to repay the loan or you cannot repay the loan, then the lender will come after the guarantor, not you the borrower.

So don’t worry if you have a bad credit history and are looking for a loan, we can help you by offering you a guaranteed guarantor loan.7SV5WNBXTTHM

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.

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.

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.

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.

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.

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:

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.

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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.

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.

Well stop looking because anytypeofloan.co.uk are one of the UKs largest providers of guarantor loans and we aim to make our service the quickest and most simple to use. Getting a loan has never been easier because we do all the work for you! Once you send us your enquiry (and yes we do charge because we receive over 250 enquiries a day and a lot of them just waste our time so yes we charge for our service and it’s non negotiable )

A guarantor loan UK can be applied for by completing our simple 20 second enquiry (yep, we’ve timed it) below or by completing our 1 minute online guarantor loan application online. Whatever your needs, let us find the right loan for you today.

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.

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