How to Get a Loan with Bad Credit

Guarantor Loans for people with bad credit having a bad credit score usually comes as a result of a default on a loan or some other form of credit. Usually, once you have a black mark on your credit score the only way to get a loan is a secured form using something like a property as the security. Unsecured loans with bad credit used to be pretty much unheard of, up until a few years ago. Guarantor loans were created to help bridge the credit gap and help people with bad credit get loans. They manage to do this by introducing a third-party into the agreement to act as security for the loan. This avoids the need to credit check the loan applicant and also keeps the cost of this loan for bad credit to a minimum, often up to 40 times cheaper than the few other options.

There are currently 4 main providers of guarantor loans in the UK: FLM Loans, TFS loans, Central Trust and Black Heath Loans. If you are talking to anyone else then you are likely talking to a broker. Many of these charge fees for the right to apply to a lender so be wary and always ask if there are any fees, be especially vigilant if they ask for your credit card details. There is no reason you should ever be charged for the right to apply for a guarantor loan. If you cannot find a guarantor then there are other options for you, but again you will need to be vigilant and we recommend you start by trying a well-known loan finder.

There are two routes to getting a loan with bad credit: By applying direct to a guarantor loans lender or by using a no upfront fee charging loan finder. Guarantor loans instant payout are available to everyone that has a friend, family member or acquaintance who meets the basic guarantor requirements and is prepared to take on the liability for the loan. Using a loan finder or a broker to find you a loan with bad credit is the easy route but can cost you dear. learn detailed information at

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Loan Finder UK has been finding people with loans for over 5 years and gives people with bad credit the opportunity to see their choices with no upfront fees. They will charge a fee for their loan finding service if you take on one of the loans but you have two weeks to say whether you want one of the loans they recommended to you or not and it’s very easy to let them know you don’t want one of the loans and not pay the fee. This is a huge advantage over most brokers and loan finders in the UK who mostly charge you the fee just for the right to make an application much like we described with the guarantor loans earlier.

Having worked with guarantor loans and loan finder for some time the need to educate people with bad credit on what loan opportunities exist has proven a real driving force.