Guarantor Loans in the UK – Find The Lender For You

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Guarantor Loans In The UK – What Lenders Best?

For borrowers who may have difficulty securing loans in higher amounts due to their unimpressive credit standing, getting guarantor loans is the next best option. With the incessantly increasing demands for loans and other loan services, and the subsequent proliferation of borrowers’ unpaid debts, traditional lending firms and institutions devised a credit scoring system specifically designed to address such problems.

Through this credit scoring system, lending institutions and firms were given the capability to easily classify borrowers according to their respective financial capacities. Borrowers whom the lending institutions perceived to be likely capable of paying off their debts in the future were easily separated from those whom they believed are unlikely to pay off their debts at all. Under the same credit scoring system, individuals and borrowers with income levels that do not meet what the lending institutions have decided as the required minimum were given poor credit scores, while borrowers who, regardless of their reasons, missed out on their payments either regularly or repeatedly, found their financial records automatically indicate their bad payment history.

With this credit scoring system in place, individuals and other borrowers with bad payment history and poor credit scores found themselves automatically precluded from acquiring any type of loan from any of the standard lending institutions and firms. And while this system was proven to be extremely useful and helpful to the lending institutions and firms, its effects to the borrowers finances proved to be extremely detrimental in the long term.

Because borrowers with poor credit scores and bad payment history were automatically disqualified from securing any kind of loan from any of the legitimate lending institutions and firms, borrowers with bad credit who find themselves in unexpected financial predicaments were often left with very few, impractical, and often unacceptable alternatives. For many, borrowing money from friends or members of the family — as well as selling off one’s personal property — may not always be plausible nor easy. Due to this, many borrowers with bad credit often were often left with no other option other than to take underground loans from illegally lending individuals and firms. And while through this option, borrowers are given the temporary financial relief that they urgently need — the long-term repercussions associated with such loan conditions often leave borrowers in even worse financial situations. Because of the excessively high interest rates associated with under ground loan services, borrowers later on find themselves in an endless cycle of financial predicaments.

guarantor loans from uk direct lenders

Getting Guarantor Loans for Bad Credit

With the continued increase in the number of borrowers with bad credit who found themselves in the same cycle of perpetual financial predicaments, a new market composed completely of borrowers with bad payment history and poor credit scores was eventually created. And as demands for better, more affordable, and much safer financial alternatives continued to rise in this newly formed market, lending institutions and firms later on launched innovative new loan services.

With innovative new loan solutions such as guarantor loans for bad credit, borrowers now have far better options in times of unexpected financial crises. Through these innovative loan services, borrowers now have easy access to more affordable financial alternatives, even despite their bad credit. And unlike application procedures for many of the conventional loans normally being offered by traditional lending institutions and firms, applications for innovative new loan services such as guarantor loans for bad credit are much faster and a lot simpler.

Guarantor loans are actually loans that borrowers can easily avail of with the help of guarantors — who can be individuals or firms who have good credit standing, and are able and willing to repay the borrowers’ loans, in case they default on them for whatever reason.

How to Get Guarantor Loans and Instant Loans for Bad Credit

With the latest developments in technology and security, as well as the continuous evolution of the lending industry, borrowers now finally have access to loan options that are much more affordable and much more convenient. Through innovative loan solutions such as guarantor loans and instant loans, borrowers can now easily submit their loan applications — even right straight out of the comfort of their own homes. With innovative lending services such as guarantor loans and instant loans for bad credit, loan applications may now be completed entirely over the internet.

And since everything can now finally be done online, borrowers now have the choice to submit their loan applications from anywhere they are, and at anytime they want. Through guarantor loans and instant loans for bad credit, applications are processed as soon as they are submitted — while approvals can now be expected in just a few minutes after the applications were processed. The release of approved guarantor loans, on the other hand, may now be completed as early as the same day the loan applications were actually submitted.

Because of these highly convenient and useful features of guarantor loans and instant loans for bad credit, these loan options actually make good solutions to urgent financial conditions. And since guarantor loans can be in much higher amounts and much longer payment terms, these types of loan services make great resolutions even to more complicated financial conditions.

Getting Guarantor Loans from Direct Lenders

For a lot of borrowers, the common misbelief is that because taking loans from the lenders directly do not involve having to pay for loan brokers’ fees, it only follows that it yields more benefits and savings in the long term. What many of them do not understand, however, is that since loan brokers have massive connections to different lenders across various areas, it also follows that they have extensive access to all the deals and discounts being offered by various lenders across their different services. Because of this, borrowers who opt to take loans through loan brokers services actually enjoy much more savings and far more benefits in the long term. And since providing expert financial advise is part of loan brokers’ services, borrowers are actually guaranteed the best loan alternatives according to their unique financial circumstances.


Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Please note:
Loanora is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances