N o guarantor loans certainly are a type that is specific of loan made for individuals who are unable or just never desire to have guarantor once they sign up for that loan. This was difficult as most direct lenders saw providing no guarantor loans to someone with bad credit as risky, so having a guarantor was an easy way of securing a loan in the past.
Many direct loan providers into the past needed a guarantor for many credit that is bad. It has changed and many other things and more lenders now offer credit that is bad without having a guarantor.
Loans with no guarantor, am I going to be authorized?
No guarantor loans had been unusual and frequently showcased lending that is unfavourable. Fortunately, it has changed. Many direct lenders have actually realised that this unfairly avoided many people from getting loans if they required them.
The market has become quite competitive; giving you more choice and better repayment terms with an increasing number of lenders offering unsecured loans specifically designed for people with no guarantor. Read more