Those who have bad credit don’t necessarily have to depend on someone else to help them get a loan. Many people don’t believe that they can get a loan without depending on another person, but the fact is that there are numerous options available. When you take the time to learn about your bad credit no guarantor options, you can get your money quickly. There are some options that are better than others, so you will need all of the information you can get before going forward.
Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
Bad credit no guarantor loans offer those with low credit ratings a means of borrowing money without a guarantor or third party. You will only be dealing with the private lender directly, so it’s all very simple and uncomplicated. These loans are sometimes referred to as “same day loans” because you can potentially get the money you need on the same day you apply. The lender will not require you to have anyone acting as your guarantor, even if you have bad credit.
You will be able to get a bad credit no guarantor loan through a private lender. One of the best things about these loans is that applying is so fast and easy because there is no third party involved. All you have to do is just take 15 minutes or so to fill out an application with a lender online. You will be asked to submit some personal information like your income, address, email, and other things. After you have submitted your loan, the lender will contact you.
One of the reasons that so many people in the UK are applying for bad credit no guarantor loans is because there is no hassle of finding someone to act as the co-signer. This is why it’s so easy to get cash fast, which can be very helpful in an emergency financial situation. Many people who apply for these loans every day are approved. There are no meetings with the lender like with guarantor loans, which will save you a lot of time and frustration.
Those who apply for a no guarantor loan can borrow anywhere from £200 to £2000, depending on their qualifications. The private lender you apply with won’t allow you to borrow more than you can afford to pay back based on how much you make from each paycheck. If you are approved, you could get your money within as little as 10-20 minutes. This is one of the reasons why a lot of people who need to pay for some important expense apply for these loans.
Most bad credit no guarantor loans are short-term, so you will be required to pay back the money you borrow in full within about 2 weeks. You can use the next paycheck you get from your employer to pay back the loan. There are some non-guarantor loans that will allow you to borrow more though, so you will want to look into them as well. The short term length of these loans will actually work in your favour, as they are easier to pay back. The shorter the term, the less money you will have to spend on interest. Long term loans can be quite costly for this reason. There is a very good chance that you won’t have any problem with paying one of these loans back on time.
Although you might have your reservations about taking out a bad credit no guarantor loan, it is actually quite an affordable option for most people. MoneyWorld works hard to ensure that those who are approved for these loans don’t have to spend more than they need to. You won’t have to worry about hidden fees or anything else to prevent you from paying back your loan when it is due. Thousands of people in the UK apply for these loans every year because there are so many benefits associated with them. If you want a loan but have bad credit and don’t want to deal with a guarantor, this option can serve you well.