Struggling to get a loan due to not having a suitable guarantor? Here at Payday Loans Net, we do not offer guarantor loans, instead we can help you with short term borrowing whether you have a good or bad credit history. You can apply for our alternative to guarantor loans in the UK online as a sole applicant and get a decision in minutes, if you can afford the loan repayments.
To start an application, click apply now and choose a loan between £300 – £1500, with a repayment term over 3 – 9 months. Fill out our short application form and you could have the funds in your account the same day if approved.
What is a Guarantor on a Loan?
A guarantor is someone who has a good credit history who will co-sign a loan agreement if you have poor or bad credit. This means that in the event if you struggled to repay a loan and fall into financial difficulty, the guarantor would be responsible to ensure the repayments are maintained. If you are considering guarantor loans online, it can be difficult finding a suitable guarantor just to get the loan you need. This is why at Payday Loans Net we provide no guarantor loans, helping you apply as a sole applicant even when you have a bad credit history. We consider applications from people with varying credit histories, so if you can afford to maintain repayments on the loan amount and terms you need, you could be successful through us.
You could spend hours searching for the best guarantor loans available, but if the reason you are doing so is that you feel you can’t get approved alone, we can help. We focus on your current finances when running affordability and credit checks, so if we can see you’re not in financial difficulty and can afford the loan you’ve applied for, you may be approved. Whilst we don’t provide guaranteed loans, we won’t decline you just based on your credit rating. We will fairly assess your application and if we cannot determine you can afford it, we will have to decline.
Alternative to Guarantor Loans for Bad Credit
We know it can be difficult to find suitable guarantor loans direct lenders, especially when your options are limited due to having bad credit. Our alternative instant guarantor loans will allow you to stop searching and not have to arrange a guarantor. You can click apply now, fill out our short and simple application form, tell us how much you want to borrow and how long for and that’s it – no co-signing needed.
If you have a history of bad credit, either from arrears payments in the past, defaulted agreements or even CCJs, this will affect your credit score. However, we know that as this can take time to improve, your finances may already be in a better position and not reflected by your credit rating. That’s why we’ll take the time to consider applications from a range of credit histories. We cannot provide 100% acceptance loans, but we will consider your situation and quickly approve if we can see it is affordable.
Trusted Guarantor Loans Direct Lenders
It’s important to only use lenders who are approved by the FCA as this ensures you are treated fairly as a borrower. We work to responsible lending guidelines to ensure all applicants are considered equally and that we only approve a loan application if this will not cause you to fall into further financial difficulties. If you find guarantor loan lenders and you are not sure they are authorised, you can check the FCA register.
Guarantor Loans in the UK FAQs
Do I Need to Guarantor My Loan When I Apply?
How Do I Get the Best Guarantor Loans?
Can You Help Compare Guarantor Loans?
Can I Get Same Day Guarantor Loans?
Do You Charge a Fee to Apply for a Loan?
Apply for Alternative Guarantor Loans Online
Ready to apply online? All you need to do is click apply now and begin your application. We’ve made applying for an alternative option to guarantor loans as simple as possible. You can use our loan calculator to easily see how much the loan amount and terms you want will cost, then simply fill in our application form to submit your details. Get an instant decision and receive your loan with no delay.
If you are struggling with financial difficulties, you should consider before applying whether a loan is right for you. For impartial financial advice, please visit Money Helper for more information.
Guarantor Loans in the UK
When you have poor credit, having to find a guarantor to support your loan application can be frustrating. That’s why we take a different approach when providing short term loans for bad credit applicants. We don’t provide instant guarantor loans, instead, we provide instant no guarantor borrowing, meaning you can apply online in minutes as a sole applicant. To be eligible, you will need to:
- Reside in the UK
- Have a UK bank account
- Have a steady income
If you are over the age of 18 and you are not in current financial difficulty, being able to prove you can afford the loan you want, we can look to help today. We are a UK-based direct lender of short term loans, so if you have bad credit, you can apply with confidence today.