Usually, loan enquiries reduce during the period of a major event such as the Olympics or World Cup but the reality this time is somewhat different as enquiries have actually increased for anytypeofloan.co.uk since the start of this major football event.

Anytypeofloan.co.uk work with a lender who can provide guarantor loans to individuals and in some cases, can even offer unemployed applicants a loan as long as they have a guarantor who is at least 21, a homeowner and with a fairly decent credit history.

Paula Harrison, Director of anytypeofloan.co.uk commented: “There appear to be a number of new entrants into the guarantor loans market and I am sure there will be more. We have been providing guarantor loans since 2008 and have built up a great reputation in this market as people know that we will never charge them a fee. Even though the OFT decided not to impose any restrictions on what interest rates short term lenders and loan companies can charge, we believe that the customer still pays enough for a guarantor loan which is why we are committed to never charging fees.”

Those who apply for guarantor loans for people with bad credit will apply knowing that they have access to an easy line of credit generally within 3 days of applying. You can pay back the loan before term if you wish without any redemption penalties. The loan may be used for any purpose in most cases and there are some insurance options available in certain circumstances.

The concept of guarantor loans for people with bad credit resulted from fallout due to the credit upheaval of recent years. Something had to change allowing ordinary people with bad credit scores to raise funds. The answer was the guarantor loan and it has shown itself to be popular.

About the applicant for a guarantor loan

Conceptually the loan applicant does not need to have a good credit rating, in fact they can be bankrupt, or in an iva, or pretty much anything. All they require is a bank account and proof of identity, plus one very important thing: a friend or family member who is willing to support your application by being a guarantor. The guarantor simply accepts to take on the responsibility of making the loan payments should the applicant fall behind for whatever reason. For this reason the guarantor must have a good credit rating, and also be a homeowner. Collective responsibillty opens more doors than the word of someone who has a bad credit history.

You can apply for a loan with a guarantor by completing this form below.

With a guarantor loan UK people may gain access to credit again even with a poor credit history featuring things like arrears, defaults and CCJs. This is a more sensible approach to lending which will once more let a large section of people access to lines of credit which would not otherwise have been the case.

The concept of a guarantor loan UK came about as a result of fallout from the credit crunch of recent years. Something needed to change allowing ordinary people with bad credit scores to access new lines of credit. The remedy was the guarantor loan which has proved itself very popular.

Guarantor loan UK

Once upon a time credit was easy, you could go into any bank and ask to borrow money. Nay, you could even just call them up and they would press some buttons and you would have a few extra thousand pounds to spend. But then things changed and unsecured loans became something of a risk to the banks and anyone other than the few who had perfect unblemished credit ratings were left trolling the high street with the full burden of bad credit or poor credit weighing heavily on their shoulders. Unsecured loans are becoming a thing of the past and things like logbook loans are appearing along side same day cash advances and payday loans all at super high apr when right now we all should be recieving the benefit of low interest rates in the form of low apr unsecured loans. This is where guarantor loans come in and for the most part they are the closest thing anyone can get to a guaranteed loan.

The fact that most people who apply for a guarantor loan in the UK have some sort of financial problem or element of bad credit only makes things worse, because these are the most vulnerable members of our society. Let’s face it, a guarantor loan is for people who have explored every other possibility of getting a personal loan and this is almost their last chance of getting a loan.

Some guarantor loan companies in the UK are charging upfront fees of £90! and there is no guarantee that they will be able to find a guarantor loan for the applicant. What a lot of applicants don’t know is that this upfront fee is non refundable meaning that even if the application doesn’t go through, they will still charge you a fee. Great! So not only do you spend almost £100, you also do not get your personal loan to wipe out your debts!

The other thing to ensure is that you check out who you are dealing with…a simple Google check on the company name will tell you all you need to know about companies offering a loan with a guarantor. Remember, check with them to see if the upfront loan guarantor fee is refundable if it doesn’t go through.

If you are looking for guarantor loans then ensue you do your homework first as it will pay off for you and your guarantor in the long run.

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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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.

A guarantor loan UK is where someone applying for a loan will not be accepted by the lender they are applying to.  I have listed some reasons below on why a person will not be accepted by UK lending institutions.

A tenant with no property to call their own
Unemployed individual with no earned income
Person on social security benefits
Part time workers
Very poor credit profile
Students with little or no income to declare

This isn’t a fully comprehensive list, more of a guide to the type of person who will struggle to obtain a loan in their own name.Regardless of these and other similar problems, people now have many more options open to them and a guarantor loan UK is a great way to obtain a oan even if all othere avenues have been exhausted.The thing to remember when applying for any loan is to make sure you do your research first as mortgage lenders and loan providers will penalise those applications that they feel have not been completed to a satisfactory standard. Please put yourselves in the lenders shoes…for them to make a fully informed decision about your guarantor loan, they need to be in full command of the facts.

Ok, so we have discussed the fact that the application needs completing in full and in some detail as well. The requirement is simple…if you want to ensure you get accepted for your guarantor loan, take a little time to make sure you complete the guarantor application form correctly. The guarantor is more likely to complete their details accurately because they will have more riding on the decision and ultimately, the loan performance. The applicant will also have to ensure that they complete all details accurately as this is a great way for them to rebuild their credit profile and show lenders that they can too be responsible borrowers. All details required, every box filled, everything completed in full.

Obtaining a guarantor loan UK quote is easy, obtianing a guarantor loan is much harder…

However, the guarantor loans that we provide give you complete control as we do not believe that just because an applicant has had adverse credit issues in the past, it should stop them getting a loan or other finance in the future. With a guarantor loan, the applicant provides a person who can guarantee the loan repayments, if the applicant fails to keep up with those repayments. The other thing to bear in mind is that nobody is likely to act as a guarantor unless they are pretty confident that the applicant will repay the loan back. Because of this, most guarantors tend to be members of the applicants family or at the very least, a close friend of the family.

The reason these people make good guarantors is because they are pretty good judges of whether the family member is likely to repay or not and because a guarantor is provided, a credit score will be used at all to make a lending decision. Simply put…provide a guarantor and you can have the loan you require.

Who can apply for a guarantor loan?
There are very few instances where we cannot lend to an individual as long as a guarantor is provided. We can accept applications from people who have normally been turned down by other lenders or who have circumstances not considered by high street lenders. The beauty of a guarantor loan is that council tenants, people with poor credit histories and people on benefits can all apply for a loan.

The most annoying thing about applying for any loan or credit is the fuss and bother you have to go through to get the loan. Form filling, telephone questions, referencing, etc. It is a fact of life that loans are not only unexciting but they are also tedious to obtain and let’s face it, we could all be doing better things.

That is why a no fuss guarantor loan is the way to go. A loan that is guaranteed by a friend, relative, neighbour, work colleague. This means that in the event that you are likely to default on your loan payment (ie.not make the payment) then there will be someone standing behind you who will. So that means a guarantor will effectively, ‘guarantee’ your payment even if you decide not because you can’t or won’t.

The guarantor will also have to understand that they will be responsible for the loan and that if payments cannot be made for any reason, either by the applicant or the guarantor, then the guarantor is the one who will have their credit history impaired and will also be the one that will be credit blacklisted. So, forget what you hear about no fuss guarantor loans being safe for everyone involved. For the applicant they almost certainly are, for the guarantor, they are almost certainly not as they still have an obligation and responsibility to make sure the loan is repaid regardless of who is making the payments.

We advise any applicant to understand the consequences of a no fuss guarantor loan. If they do not make a payment then the responsibility falls on the guarantors shoulders. As you can imagine, this will put a strain on even the strongest of friendships or relationships, so our advice is simple;

Do not involve friends or family unless you have made them fully aware of the consequences to them if you fail to repay the loan.

Guarantor loans can be a great way to obtain a oan if you have had credit problems but remember that a loan is a loan is a loan and needs to be paid back.