How much do our loans cost?
Are you facing difficulties in meeting your financial requirements? Not to worry anymore as we bring to you our guarantor loan scheme with which people are having bad credit score or no credit history can easily avail loans to meet their financial requirements.
We are a guarantor and bad credit loan company in the UK where you can borrow money from £ 1000 to £ 15000 and can pay it back over a time period of 12 to 60 months. The best part of our company is that we provide the best market interests to customers. This makes us the most preferred choice over others.
Who can claim guarantor loans from us?
People looking for guarantor loans must belong to these following criterions –
- People having bad credit history or no credit history and looking to create a credit history.
- People having bad credit score in the past, these guarantor loans are for them.
- People are looking for quick loans without bearing lots of homework or hassles.
Who can be your guarantor?
A guarantor can be anyone, your friend, colleague or family members, but not your spouse or husband who is directly or indirectly related to you financially. To be a guarantor, he or she must fulfil these following criterions –
- He or she must be 18 years of age
- He or she must be a permanent resident of the UK
- He or she must have a good credit score
- He or she must have a UK bank account
- He or she must have minimum income of £ 1000
- He or she must not be financially related to the borrower
How do these guarantor loans work?
When you apply for a guarantor loan, you must provide the details of your guarantor who will be held liable to pay off your loan amount when you are unable to repay the loan due to any reason. This helps to reduce the risks of the lender, and thereby you get loans on lower rates of interests than you can find anywhere else.
Your guarantor will only be called in the last move. Otherwise, he or she will not be involved in any of the repayment process.
Why bad credit loans are important for people?
Well, bad credit loans play an important role for people who have a previous bad credit score or no credit history. Often it has been observed that people having bad credit report fail to get loans from financial institutions and their loan applications are turned down by mainstream money lenders. Therefore, bad credit loans are the only options through which they can meet their financial requirements.
Getting someone’s support can help you borrow loans at an affordable rate of interests and thereby makes it easy to pay off loans as early as possible.
How can bad credit loans help you rebuilding your credit score?
Meeting the repayments of all bad credit loans can help you rebuilding your credit history. This increases your chances of getting future loans from mainstream financial institutions. You can be rest assured that your loan application will be accepted by reputed financial institutions. You can also use credit building cards to improve your credit score.
Therefore, whenever you face financial difficulties for having bad credit score, it is always advisable to obtain bad credit loans for rebuilding your credit history.