No Guarantor Loans

Why Need No Guarantor Loans For Bad Credit?

Are you facing a tough time in identifying a guarantor for your quick loan requirement? If such are your worries, start smiling! You have landed at the right place that facilitates fast loans. We, at Easy Cheap Loan, offer the most straightforward and affordable bad credit loan solutions with no broker and no guarantor in a personalised way.

We do not believe in complicating your financial crisis by asking collateral or a guarantor. So, for availing any loan with us, you don’t have to pledge your lovely home or run door-to-door for getting a guarantor. Fill out a simple online form on our website, and rest our team of competent lending consultants will take care of.

Our sole motto at Easy Cheap Loan is to solve your financial emergency with the RIGHT lending solution at a cheaper interest rate. You can avail any loan amount without paying any extra fee.

What Do You Need to Do to Apply for Loans with No Guarantor No Broker?

Applying for the loans means you do not have to search for someone to become your guarantor while signing the fund agreement. It does make the application process convenient and fast, but if you have a poor credit score, things might become difficult for you. Most of the traditional lenders consider these people as risky borrowers and reluctant to offer them loans.

At Easy Cheap Loan, your less-than-perfect credit score does not affect your chances of loan approval despite not having a guarantor too. It means you can easily follow the loan application procedure, which involves these three simple steps:

  • Choose the amount and click on the ‘Get Started’ button
  • It will open up a form where you have to mention details like name, contact address & numbers
  • Press on to the ‘Apply Now’ button to send your query

Once receiving your application, we quickly go through the details and approve your loan application. Fund disbursal also takes a few minutes and usually done on the same day.

Before applying for the loans without a guarantor, you make sure that you fulfil following eligibility criteria:

  • Age should be 18 years or above
  • UK citizenship is a must
  • Must have a regular source of income
  • A valid UK Bank account

Apply for the very bad credit loans no guarantor no broker with no credit check & no fees if you meet the eligibility criteria you can directly process.

Lenders are willing to offer you loans despite your very bad credit score. However, they do accept loan application with no guarantor, no broker needed but higher APR will be charged. It would be better if people with very bad credit ratings apply for guarantor loans where low interest rate is applicable. At Easy Cheap Loan, we promise to offer low interest loans for bad credit people without any guarantor required, which you can apply with no broker and no intervention.

Types of Loans Without Guarantor

Financial problems come in different forms, but their result is always the same, i.e. chaos. Still, you do not need to be worried because we provide multiple loans where you do not need any guarantor.

Personal Loans: Whether you need funds to renovate your home or for holiday expenses, apply for our no guarantor loans. These are unsecured loans. It means they do not require collateral, and the amount will be transferred on the same day.

Short Term Loans: Fulfil your small financial needs without indulging in a tedious application process. You do not need a co-signer, and you can apply straightaway. Such loans are considered the best to cover the financial emergency.

Payday Loans: Also counted among the unsecured loans category, these are the most applied small loans in the UK. No guarantor is required, and borrowers have the comfort of repaying the amount on their next salary day.

You have plenty of options to choose here and delaying the application should not happen from your end.

Loans for bad credit People no guarantor no broker, and no fees from direct lenders; approved on an instant decision? We at Easy Cheap Loan take pride in offering financial help to people who have no guarantors in the UK who are in the mid of a financial emergency and feel helpless. We are NOT brokers, so no commission charges, and hence our lending service is completely FREE!

Whether it is a short-term loan, or a long-term loan, or a cash advance loan, we take instant decisions on the loan approvals so that you can overcome your financial woes at the earliest. We are quite allergic to paperwork and hence ask NOT a single document before approving a no guarantor loan that makes the Loan process even faster.

How No Guarantor Loans For People With Bad Credit Work?

We understand how helpless the people with bad credit feel in the UK when they face sudden financial crunches. We are not typical lenders who strive for high credit score customers and avoid poor credit customers. We believe in equality and offer complete financial freedom to both poor credit borrowers and good credit borrowers.

Our bad credit loans with no guarantor and no broker are designed in such a way that our customers do not have to face any dilemma while applying for the loans online. We do not charge any extra fees for our bad credit service.

No Credit Check! No More Embarrassment!

Do you want to avoid the credit check step? Do you want to hide your credit history from the lender? Well, yes, it can happen at Easy Cheap Loan. We know how much your time is crucial, so don’t screen our customers for the credit check. Our loans for poor credit with no guarantor can be availed at affordable interest rates.

This is one part of our responsible lending service. We have plenty to serve you in short term loans.

FAQs for No Guarantor Loans

Can Loan Terms Differ If Have no Guarantor?

Some loan terms may differ if you do not have any guarantor but not all of them. Borrowers can experience a slight difference in terms of interest rates because they are usually higher. However, providing the collateral may work for you to calm down the interest rates. Easy Cheap Loan prefers every borrower equal while framing the terms and conditions, and thus interest rates would be competitive.

What You Need to Do Before Applying for No Guarantor Loans?

Many borrowers make mistakes before applying for loans. They think that the lender already agrees to the loan applications with no guarantor required, so they do not need to do anything special. Well, this would be a mistake only. As a borrower, you must be clear about your monthly income and expenses. Think before whether you can manage the expense from your income or not. If not, then only apply for the loans. Another thing is that they should not demand more funds than their repayment capacity. It will further ruin their financial balance.

Can I get Bad Credit Loan with No Guarantor?

Yes, EasyCheapLoan does not discriminate in terms of the bad credit score. We are the responsible lender and thus feel risk in accepting the loan applications of the borrowers with a bad rating. This happens because we follow the no credit check process and the loan approval comes not based on credit score instead on the current income status of the borrowers.

How Much Can I Borrow without Guarantor?

From £500 to £5000 is the amount that one can borrow a loan. Borrowers can decide their amount according to their requirements, and we can offer that on the same day basis. But make sure you choose the right amount, not above from your repayment capacity.

Difference Between bad credit loan and very bad credit loans

In the loan industry, every person is categorised based on their credit score, i.e. good, fair, bad and very bad that plays a deciding role in whether a loan request will be approved or not. Therefore, if you have a bad credit score, then you can apply for credit, mortgages, but you might be offered a high-interest rate. Also, there is a scope of improvement if adequate measures are taken. Whereas getting a loan with a very bad credit rating is near to impossible and there are few lenders in the market with such a devastating score but on a very high-interest rate.

Can becoming a guarantor affect my credit score?

Generally, most of the lenders prefer only those guarantors, who have maintained a good credit score and a homeowner. Sometimes, if the primary borrower is unable to make the repayments, the guarantor holds the responsibility of paying the remaining amount. However, if the guarantor himself misses the repayments, it will naturally affect his credit rating.

As a guarantor, do not make the mistake of taking up the responsibility of the entire amount. Do only a partial payment and that would if necessary. Missing the full repayment from the primary borrower or the guarantor will bring serious complications like poor credit score or CCJ. Therefore, make a smart decision before borrowing the amount.

What Possibilities are to get a loan with bad credit and no guarantor?

If you look at the traditional lenders, they won’t allow you to get the bad credit loan, and that would be when you do not have any guarantor to back. The only possibility seems from direct lenders. They are flexible, and they make such things feasible. However, there are still some conditions to follow, just like:

  • You have to be an employed person
  • You should either have collateral or ask for only a small amount

Such loans are also useful in improving credit scores if you repay the amount on-time.

What to do if you can’t find out a guarantor?

It is a common problem, especially among people with bad credit scores that they cannot find out a person to act as their guarantor. The main thing is the trust factor that these individuals lack, and thus they have to struggle a lot in fulfilling such an obligation. But at the same time, there is no need to feel disappointing because you have some other options to follow. These are:

  • You can arrange any asset to be used as the collateral.
  • You can ask for a minimal amount that you can repay on your next salary day.
  • You must be an employed person while applying for the loans.
  • You need a trusted direct lender, who can understand your financial compulsions.
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