No Guarantor Bad Credit Loans
When it comes to obtaining a loan, your credit score can have an impact on your approval. With the help of no guarantor bad credit loans, you could acquire a loan based on affordability.
With PM Loans, you’ve got the options of no guarantor loans, bad credit loans, short-term loans, and cash loans. The borrowing agreement of the loan is exclusively between the lender and yourself. Therefore, you can maintain your confidentiality with no problem.
What is a Guarantor?
A guarantor is an individual who signs with a borrower to be financially accountable if the borrower fails in paying back the loan. Thus, the repayment of the loan is solely your duty. So in contrast, a loan with no guarantor required means that you do not have to worry about getting an extra person to guarantee your loan.
Will I be granted a No Guarantor Loan with Bad Credit?
The state of your current circumstances determines your eligibility for a loan – not just whether or not you have bad credit. PM Loans’ and our panel of FCA registered lenders assess your affordability and circumstances. Therefore if there’s room for improvement in your credit, the likeliness of being granted a loan isn’t really shaken. Our eligibility standards are as follows, applicants must:
- Reside in the United Kingdom
- Be employed (in some cases other forms of income may be granted consideration)
- Be aged 18 or over
- Meet the affordability and credit checks that both we & our lenders’ request
Benefits of No Guarantor Bad Credit Loans
The advantageous benefits of no guarantor loans include:
- Swift Documentation. Going through loads of bother in the application process doesn’t happen during our application process. Our rapid process happens online, all you’ll need is the appropriate documents proving your address, identity and income
- Safe and Protected. The FCA (Final Conduct Authority) protects customers of the financial system and sets guidelines on unsecured loans that make sure companies don’t take advantage of your pocket when you borrow loans from them.
- Flexibility. Our no guarantor loans are flexible as you can customise the borrowing amount between one month and twelve so you can have the smoothest repayment process possible. Also, £50 to £1500 are the ranges that you can borrow from. Therefore meeting your needs, whether small or large
- Various Usage. You’ve got the freedom to use this loan for anything. It can be used for a much-needed car repair or to handle unanticipated financial issues for example – the freedom is yours.
Applying for No Guarantor Bad Credit Loans
Applying for a loan without a guarantor is easy & simple. In order to apply, all that’s imperative is completing our swift and acceptable online application form. We recommend that you finish our application process in full & honestly. This enables us to choose to the best of our capacity whether you’re eligible for the wide range of short term loans that we have to offer.
Furthermore, correctly detecting which set of loans would best fit your financial requirements is another reason why we advise this. No matter what you’re searching for, we’re sure to have everything that you require all at PM Loans.