Payday Loans


No Guarantor Bad Credit Loans, Guarantor- Credit loansOnline decision

No Guarantor Bad Credit Loans, Guarantor- Credit loansResponsible lenders

No Guarantor Bad Credit Loans, Guarantor- Credit loansBorrow up to £995

No Guarantor Bad Credit Loans, Guarantor- Credit loansRates from 278% to 1576%

No Guarantor Bad Credit Loans, Guarantor- Credit loans3-12 month repayment

Personal Loans


No Guarantor Bad Credit Loans, Guarantor- Credit loansInstant Decision

No Guarantor Bad Credit Loans, Guarantor- Credit loans60-Second Application

No Guarantor Bad Credit Loans, Guarantor- Credit loansFrom £1,000 to £25,000

No Guarantor Bad Credit Loans, Guarantor- Credit loansRates from 4.7% to 278%

No Guarantor Bad Credit Loans, Guarantor- Credit loans3-36 month repayment

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.
Not all loan types and amounts are eligible for 20 minute payouts. Your chosen bank may increase the time you receive the funds.

Home » Guarantor » Guarantor- Credit loans

No Guarantor Bad Credit Loans

If you have a bad credit score and you need a loan, then one of the best options is to use a guarantor. A guarantor is someone who will agree to act as a ‘back-up’ for the lender, so that if you are unable to make your repayments, the expense will default to them and they’ll pay for you. That means that the bank doesn’t need to worry about you being potentially unable to afford your loans and it means they’ll offer the money even if your credit score is bad – and usually at a lower price than they otherwise could. Now you don’t need to convince a bank or loans company that you are good for the money – just a friend or family member that knows you well.

In order to act as a guarantor though, your contact will need to have a good credit score themselves. In other cases, they might be required to use their property as collateral, meaning that if you fail to pay the loan and they can’t help you – they could lose their home.

This is a lot to ask and it’s something that not everyone is going to be in a position to do. So if that’s the case for you, what options do you have for no guarantor bad credit loans?

Secured Loans

If you don’t want to use a friend or relative as your assurance, then you can use other forms of guarantee to get the money you need. The most popular options is to use your property as collateral. In this case, you agree with the lenders that if you should default on your loan, they will have the option to seize your home and use its value to offset the amount you owe.

This option once again means that there’s no ‘worst outcome’ for the lender and they can therefore offer loans to people with bad credit – without jacking up the APR. But it’s also a frightening prospect as it means you could lose your home. And if you’re not a homeowner, then this option won’t be available to you.

Another option then is to use a vehicle instead of a property. This might mean using a ‘title loan’, which means you transfer ownership of your car over to the bank or lender as soon as you take out the loan and only get it back once you’ve finished paying. You can even go to a pawnbroker and do something similar with your silverware, or an item of jewelry!

Payday Loans

The other way to get no guarantor bad credit loans though, is to reduce the amount you ask for and to pay it off over a short amount of time. Payday loans are loans designed specifically to be paid back in a few weeks or months and often involve much smaller amounts. If you just need a little cash to help you last until your next payday, then this is a great option. If you need a little more, check out installment loans too!

Community sharing!

Money lenders involved in such a scenario portrays strict regulations to be followed by the individuals or corporates requiring a heavy amount of loan. Such type of loan are very common and easy practice under same community people who shares better understanding and networks in their respective group. The risk of no guarantor is resolved in such groups as the lenders do not have to worry about the disappearance of the creditor.