Unsecured no credit check guarantor loans
Phew, what a mouthful! I know it sounds a little long winded but it has to be to explain exactly what a guarantor loan can do for you. This type of loan is not like any other unsecured loan product that you may have come across as it has been designed specifically for UK borrowers who have little or no chance of getting a loan from a bank, building society or one of the other well known high street loan providers.
The fantastic thing about a guarantor loan from anytypeofloan.co.uk is that we understand that not everyone will fit into the box of being a “good credit risk”. This doesn’t mean that you are unreliable or cannot be bothered to repay your debts, it can simply be the case that you did indeed incur debts a few years ago and subsequently got yourself a County Court Judgement (CCJ), default or a slap on the wrist for a few late credit card payments.
The important thing to remember here and the pertinent phrase is, “a few years ago”. Haven’t all of us experienced some cash difficulties at some point whether that is because of the loss of a job, relationship break up or some other reason that impacts on income. The point is that people need the means to get themselves back on their feet and in our opinion, it is grossly unfair to suggest that because someone had money problems 3 years ago, it means that they are likely to still be a risk and pay the lender back.
anytypeofloan.co.uk fastrack guarantor loans
We allow anyone with a poor credit history, even people with a number of CCJs, defaults or rent arrears to borrow up to £5000. We can also help students, part time workers, contract workers, temporary workers, housewives and even the unemployed because there is no credit score to pass and no credit checks will take place. Why you may ask?
Well, because with a guarantor loan, all of the references, credit checks and other such lender requirements are done on the person who is endorsing or ‘supporting your application. This person is known as the guarantor. The guarantor you choose is exactly that, a person that you think will support your application and don’t worry if you think that you don’t know someone who can do this for you because a guarantor doesn’t have to be a family member or a friend. Your loan guarantor can be anyone such as a neighbour, work colleague or even your boss! As long as the guarantor agrees to the terms and conditions of the loan then it can be absolutely anyone as long as the meet the following criteria:
- · They must be at least 21 years of age
- · They must be a homeowner
- · They must have a fairly decent credit history
Now the first two are pretty easy to satisfy but the last point (about having a decent credit history) is a tough one because it is unlikely that you will know if they have a good, bad or indifferent credit history. The way we look at it is like this: If someone is in full time work and a homeowner, then there is an 80% chance that we will accept them as the guarantor for your loan. Of course there will be instances where we cannot accept them but to you the borrower, you are not going to know this until you submit your loan application to us. However we can promise that we will respect you and your guarantors privacy so if there is a possibility that we have to decline your application, the only people that will know about it are you and your guarantor.
However, if we accept your loan application then you will be fastracked so that we can get your loan paid into your account as fast as we possibly can and remember, we don’t need to know what you are going to use the cash for, as long as it is legal and above board then you can do with it whatever you want to do such as pay off some outstanding debts, get rid of your rent arrears, buy a car, go on holiday, the list of things to do with your loan is endless but it is your decision and yours alone.
The first time you apply for a guarantor loan from anytypeofloan.co.uk you will be restricted to £3000. Once you have made at least half of your payments though (and you have not been late paying your loan back every month) then we can top your loan up to £5000 if you wish. So, once you have paid us the loan back, if you want to apply for another loan then you can then apply for £5000 straight off without having to take the reduced amount.
We will pay the money straight into your bank account and each month the repayment will be taken from your bank account via direct debit. The great thing is that your guarantor will not have to do anything and the only time they will become involved is if there is a problem with the applicant repaying the loan and it is important for the guarantor to understand what their responsibilities will be if this does indeed happen. The guarantor is effectively saying that by agreeing to ‘endorse’ or ‘guarantee’ the applicants loan application, they will ultimately be responsible for the repayment of the loan if the applicant cannot or will not repay the loan. This of course means that if the applicant doesn’t make the loan repayments each month,(for whatever reason) then the guarantor will have to, so you can see that it is important from the guarantors perspective that they only agree to do this if they are absolutely certain that the applicant will repay their loan on time every time each month.
So if you have a poor credit profile and are have had the obligatory “NO” from every lender you have spoken to, then why not apply for a guarantor loan with anytypeofloan.co.uk, the company that is number 1 on Google for the term Guarantor Loans.
