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.