The problem is that over 70% of the UK’s population do not have a perfect credit history, so obtaining an unsecured loan has become nigh on impossible. Here we give you 5 ways that you can improve your chances of getting accepted for a loan.

• Get yourself on the voters roll. The first thing that all lenders will do is check to see if you are listed on the electoral roll at your current address, if you are not, then you will struggle to get accepted by the lender.
• Get yourself a credit card (if you can) with one of the providers that help people with previous credit problems such as Vanquis or Capital One. Put a few purchases through and then repay the whole amount at the end of the month. Do the same for the following two months and the lender will see that not only have you been accepted for a credit card but you are also responsible enough to repay the balance in full each month. Don’t worry, these types of credit cards only usually give a credit limit of £250 so you won’t get into serious debt!
• Get yourself a permanent address. Don’t move around a lot and if you do, make sure that you are on the voters roll at each address (see point 1 above) and that you do not have any debts hanging around that could be attributed to you at those addresses.
• Get yourself a landline telephone number. Lenders don’t like offering loans to people that only offer a mobile telephone number as it means that communication with you could be a problem (especially if you haven’t paid your loan one month!)
• Don’t tell lies. Even if you think you can lie on the application ( a small white lie admittedly) and put down that your credit card balance is £600 when in fact it is £750, DON’T. Lenders can see every single bit of financial info about an applicant and if they find just one instance of an untruth no matter how small or insignificant it may be, they will bin your application and even pleading naivety will not help.

So, use the tips above and see how much it improves your chances of getting accepted for a guarantor loan or unsecured 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.

Guarantor loans are loans provided to people who cannot make an application themselves because they have one of the following issues to contend with:
Tenant only (not a homeowner)
Unemployed
Student
Bad credit history
No credit history
Missed payments
arrears
CCJs

Because of these problems you can also find yourself blacklisted by lenders and other loan providers. The other problem is that you could also find yourself being ripped off by back street lenders who charge extortionate rates of interest.

To ensure lenders look at you favourably and consider your application seriously, you would need to provide a decent quality individual with a good credit history. It can be anyone at all as long as they are willing to put their name on a little bit of paper that says, “if the applicant screws up and doesn’t pay the mortgage or loan, you will be responsible. Mate”

Loans are broken down into two categories really. One is a Secured Loan and the other is an Unsecured Loan. Let’s look at the differences.

Secured Loan

A secured loan is “secured” against something. Anything of value really such as a house, car, etc. This is normally easier and less risky for a lender to lend to somebody because they can always repossess the asset in question, ie. the car or house. This is why it is harder for a tenant to borrow money because they have no asset to trade with as they rent their property.

Unsecured Loan

An unsecured loan is much harder to obtain simply because there is no asset to bargain with. If you decide not to pay then the lender will not be able to get anything back off you and their only redress is to take you to court to recover their monies. Lets face it, there’s jack all chance of that happening so a lender has to make doubly sure that when they lend to you, you WILL pay.

In summary, the only way a lender can guarantee you pay the loan back is to use the services of a Guarantor. Guarantor loans UK is the way forward.

PR: wait… I: wait… L: wait… LD: wait… I: wait… wait… C: wait… SD: wait…

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.

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.

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.

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.

The answer? Well it’s simple really because anyone can apply for a guarantor loan as guarantor loans are just the same as any other type of unsecured loan, the only difference is that a guarantor loan application is assessed on the guarantor, not the person borrowing the money. This makes life a lot easier for the borrower because it allows almost anyone, regardless of their poor credit history and bad credit profile, to borrow money for any reason. That means if you are only working part time, you are a student or even if you are unemployed, you can get a guarantor loan relatively easy.

We can help you get the loan you need today so don’t waste amymore time and complete our online application today.

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.

But let’s be clear about what is happening in UK financial services…there is still a market and there are still lots of loan providers left in the market and we should know because we deal with all of them. Lenders only deal in reality and the main thing they care about is profit so if they lend money to someone and they are considered to be a sub prime borrower or high credit risk.

And that is where we come in. We try (and don’t always succeed) to get our customers loans at the best rates and we have helped thousands of customers each and every month get the loan that they need at a sensible APR. Our staff are always pleased to help and we will answer any queries that you have and also advise you if we are unable to get you a loan. To help, here is a list of articles that we have published over the last year or so which may help with your search for credit or finance.

Loans with a guarantor
This explains how a guarantor loan works and what the procedure is. It also explains what a guarantor will have to do on your behalf to ensure you get the loan and will answer any guarantor type questions you may have.

Unsecured tenant loans
An unsecured loan is pretty common and this article will uncover everything you need to know about applying for an unsecured loan if you don’t currently own a property. This is known as a tenant loan and these types of loans are fairly easy to obtain if you know how.

Tenant loans for the unemployed
Just because someone is unemployed does not mean that they cannot get a loan. We offer loans to the unemployed for a variety of reasons such as debt consolidation and of course, a loan to help people get back to work by paying for business dress or transport.

Fast tenant loans
We have already discussed tenant loans but this article explains what you can do to speed the loan application process up and contains great tips on getting a loan if you are a tenant.

No credit check personal loans
The reason most people get declined for finance or credit is because they have a poor credit historywhich means that when the lender does a credit check on the loan applicant, they invariably fail due to past credit problems such as missed payments or arrears. A no credit check personal loan gets around this problem.

So if you are worried about getting a personal loan or an unsecured loan, get in touch with anytypeofloan.co.uk today and we will help you out.