Get the loan you need in your account by 19:15
Representative example: If you borrow £3,250 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 41.16% (fixed), you would pay 36 instalments of £158.57. The total charge of credit will be £2,464.57 and the total amount payable will be £5,714.67
Some people with low credit scores could find that they can only obtain loans with the help of a co-signer or guarantor. However, what if you have bad credit and no possibility of a guarantor?
In the past, people with poor credit often had a hard time finding banks and traditional lenders to loan to them. They could get around this by taking out loans backed by a guarantor or co-signer. This made their loans less risky to the banks, by having another person, with better credit, guarantee they would pay the loan if the borrower defaulted on their payments.
However, there are many reasons this may not be feasible for someone. You may not have someone willing to back your loan for you. Or you may simply not want to involve your family members or friends in your financial life.
You may be surprised to find that there are now many more options out there for bad credit no guarantor loans.
We could provide you with quotes only from the lenders you have been accepted by. There are no fees for getting quotes and you are under no obligation to take out a loan when you fill out our form. Once we provide you with quotes from lenders, you will have the opportunity to go to the lender’s websites and complete their application.
Filling out our form and getting quotes does not pull a hard credit check. It won’t affect your credit at all to find out your rates and which lenders you can be approved for. It’s only until you apply with the lender for the loan you’ve already been approved for, that they may conduct a hard credit check.
Don’t think you are without options even with bad credit and no guarantor. NowLoan could help you find those options. However, when you are approved for your loan, be sure you have the funds to pay it back on time. Paying your bills on time is the number one way to help you to improve your credit score.