Saturday 22 May 2010
Unsecured loans Definition
Unsecured loans are loans without the need for security. No item or property is put at risk in order to take out the loan and as a result these types of loans are probably the most important loans for someone who is a tenant and not a homeowner or a car owner. They are very important and in short supply right now due to the nature of the UK economy and the position the high street lenders find themselves in.
Guarantor Loans help the unemployed
The unemployed are often overlooked by finance companies largely because the person is on benefits but needs a loan. It's worth noting that guarantor loans are trying to fill that void by enabling people with bad credit, and the unemployed get cheap loans and the lenders charge no upfront fee for the right to apply unlike most with most bad credit loans.
A guarantor loan is relatively straight forward to get. You can apply in about 60 seconds by entering your details and then the details of someone you would like to be the guarantor for your loan. If they are a UK homeowner and have a good credit rating then you are likely to be approved your loan with no credit check to yourself.
Easy as 1-2-3 with guarantor loans.
A guarantor loan is relatively straight forward to get. You can apply in about 60 seconds by entering your details and then the details of someone you would like to be the guarantor for your loan. If they are a UK homeowner and have a good credit rating then you are likely to be approved your loan with no credit check to yourself.
Easy as 1-2-3 with guarantor loans.
Saturday 13 February 2010
UK Loans for no credit
It's a sad reality that people who need credit can't get it. Yes times are tough but the banks are raking it in and while they do so you poor people with bad or poor credit ratings are really in trouble. The majority of sub prime lenders have gone out of business, companies like Welcome Finance failed, others like Black Heath just don't have the backing to lend to a lot of people and Provident simply don't lend enough and their rates are horrific. Black horse who are effectively Lloyds TSB have pulled out as well. So this leaves us all in a quandary. Where can ordinary folk with bad credit, non homeowners go to find an unsecured loan when their credit rating is poor?
There are some surprising options, if you have a car you can look to secure a loan against it, this is known as a logbook loan and while it is not ideal because your car is obviously at risk. Other and frankly better options are using a company like FLMLoans.co.uk who have approached the whole idea of lending in a new way. When we're hard up there are usually people we know who would love to help us with a loan of anything up to 5k. The problem for most people of course is they don't have 5k lying around the place that they can hand over at the drop of a hat. This is where FLM comes in. They can provide the money, and your friend can "lend" you the money by covering the loan should you struggle to repay it yourself. The loan is known as a guarantor loan because your friend will guarantee that money is paid back. It's a great deal and it means friends and family can really help each other out and most importantly it's so much cheaper than most other forms of lending for people with bad credit or no credit.
There are 2 providers of guarantor loans in the UK. FLM are buy far the biggest and are the most likely to be able to help you get money fast. Your loan can get paid out within 24 hours of your initial application and if your repayments are on time you can qualify for a top of £2000. All for the lowest apr we've seen for similar loans. For more information about guarantor loans take a look at the bad credit guarantor loans site, it's rammed full of tips and helpful advice.
There are a whole host of loan brokers out there which can be a blessing however we recommend you go direct because some brokers will charge you for the right to find you a loan. In reality this means they will charge you to send you an application form from a lender. So be careful when it comes to handing over your card details. If they tell you they are a lender then double check, if they are a broker there is no reason for them to need your card details. Ask who they are sending your details to and then contact them directly. It will be cheaper for you in the long run and you will likely get better service and assistance anyway.
There are some surprising options, if you have a car you can look to secure a loan against it, this is known as a logbook loan and while it is not ideal because your car is obviously at risk. Other and frankly better options are using a company like FLMLoans.co.uk who have approached the whole idea of lending in a new way. When we're hard up there are usually people we know who would love to help us with a loan of anything up to 5k. The problem for most people of course is they don't have 5k lying around the place that they can hand over at the drop of a hat. This is where FLM comes in. They can provide the money, and your friend can "lend" you the money by covering the loan should you struggle to repay it yourself. The loan is known as a guarantor loan because your friend will guarantee that money is paid back. It's a great deal and it means friends and family can really help each other out and most importantly it's so much cheaper than most other forms of lending for people with bad credit or no credit.
Guarantor Loans
There are 2 providers of guarantor loans in the UK. FLM are buy far the biggest and are the most likely to be able to help you get money fast. Your loan can get paid out within 24 hours of your initial application and if your repayments are on time you can qualify for a top of £2000. All for the lowest apr we've seen for similar loans. For more information about guarantor loans take a look at the bad credit guarantor loans site, it's rammed full of tips and helpful advice.
Finding a loan with a loan finder
There are a whole host of loan brokers out there which can be a blessing however we recommend you go direct because some brokers will charge you for the right to find you a loan. In reality this means they will charge you to send you an application form from a lender. So be careful when it comes to handing over your card details. If they tell you they are a lender then double check, if they are a broker there is no reason for them to need your card details. Ask who they are sending your details to and then contact them directly. It will be cheaper for you in the long run and you will likely get better service and assistance anyway.
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