Looking for guaranteed loans for bad credit? These are actually against the FCA’s regulations. However, Personal Loans Now offer you the next best thing – Credit on Demand. This means high acceptance rates at reasonable and affordable prices. As an FCA authorised direct lender, we can give you fast online credit up to £25,000* today.
Apply now for the flexibility of being approved with a poor credit score too. If we can’t fund you the loan ourselves, we have partnered up with Monevo, a powerful platform of lenders who will consider your application and give you their decision – free of charge!
Guaranteed Loans for Bad Credit
Personal loans for poor credit are available online. Legal lenders cannot offer guaranteed finance for bad credit – guaranteed approval, as loan approval is dependent on an affordability assessment and credit checks. However, we are a premium direct lender and our service to you is Credit on Demand. We can give you a loan with very poor credit from £1,000 upto £25,000.
If we can’t fund you the loan ourselves we work as an exclusive broker. This massively increases your chances of approval from a single application being presented to the whole bad credit market. Bad credit personal loans can be easier to obtain than short term forms of credit. This is because lenders take into account that the longer repayment period makes the monthly instalments easier and more affordable for the borrowers to repay.
Do guaranteed loans for bad credit in the UK exist?
People with poor credit are usually more likely to be declined for a loan, and are therefore often tempted by guaranteed finance for bad credit. However, all lenders must perform a credit check. It is therefore impossible to receive bad credit loans with guaranteed approval online in the UK.
Many direct lenders do specialise in poor credit personal loans and can guarantee a higher approval rate. As a superior direct lender, we provide credit on demand to provide you with the best loan, no matter what your credit rating may be. We always recommend that you try and improve your credit rating before applying for a loan. Spending on credit cards and paying them off in full each month is an excellent way to improve your credit score.
Can I get guaranteed loans with no credit check?
It is crucial for people with poor credit to understand that lenders offering no credit check loans are probably not following the FCA responsible lending guidelines. We work hard to ensure that only trusted direct lenders will get your loan application. Therefore, guaranteed finance for bad credit or with no credit check at all is not a valid option. Lenders can never guarantee approval of a loan, especially where there is a problematic credit file. Nevertheless, there are many lenders who offer bad credit loans. They are still legal and fully authorised by the financial conduct authority.
Guaranteed Loan Approval
You can get a guaranteed loan from direct lenders today if approved. Guaranteed loans with an instant decision use advanced technology to make the borrower’s life a tad easier. They can provide much faster cash directly into the applicant’s bank account upon approval. Still, it is your responsibility to ensure that you avoid loans with a guaranteed approval from illegal lenders. Many legal, FCA authorised lenders will be able to fill your loan requirements.
Can I get personal loans with guaranteed approval in the UK?
One meaning of the term guaranteed loans is a loan with guaranteed approval, no matter what. People often search for guaranteed approval loans online. These are supposedly easy and quick to obtain, with a simple application process. Or, you may see an advert for car loans with guaranteed approval, for instance. However, guaranteed loans with no credit check are usually offered by lenders who aren’t fully authorised, and are not likely to be legal either. We recommend that you avoid any lender claiming to offer them.
How much can I get for loans with guaranteed approval?
You cannot receive bad credit loans with guaranteed approval from direct lenders who are authorised and regulated by the financial conduct authority. But, at Personal Loans Now, we provide credit on demand which greatly increases your chances of getting approved for credit. The amount you can get depends on the lender. But in general, borrowing with a guarantor allows you to borrow higher sums as there is less risk involved for the lender. At PLNOW, you can apply for loans starting from £1,000 up to £25,000* both with and without a guarantor.
In the UK, people are searching online for two different types of “Guaranteed loans”:
- Loans with guaranteed approval
- Loans with a guarantor to guarantee the loan
What do each of these mean? Watch the video below for a quick explanation.
Guaranteed loans UK
Another form of guaranteed loans in the UK is a guarantor loan. This is when the loan is, to some extent, guaranteed by a guarantor or against the borrower’s assets. However, even in this case, direct lenders cannot offer guaranteed loans with no credit check.
Are guaranteed guarantor loans available in the UK?
A guarantor loan is where someone else, the ‘guarantor’, takes on the responsibility of repaying the loan should the borrower not do so. Understandably, it is often difficult to find a guarantor, therefore many people search specifically for guaranteed loans with no guarantor.
Often, it is people with bad credit who are struggling to obtain a loan, and guaranteed loans for poor credit with no guarantor are not always easy to get. At PLNOW, we will never ask for a guarantor, so if you are looking for long term loans no guarantor in the UK, we are happy to help!
Can I get guaranteed loans for people on benefits in the UK?
Guaranteed loans for people on benefits are also unavailable in the UK. But if you are on benefits and need a loan today you can apply for a loan with PLNOW, for a high chance of acceptance with poor credit too. The combination of bad credit and being on benefits is a fairly challenging one when you’re looking for credit. It is important to make sure that you share all the details about your current financial situation. A lender can only give you a loan suitable for you if you provide the real details. Providing the correct details will make the whole process faster.
Breaking the guaranteed loan search myth
To help you with your quest to find the best personal loan rates for you, we put together a list of common terms people use in Google together with a brief explanation of the correspondent credit product.
What you may be looking for
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Some lenders specialise in no-guarantor loans for people with bad credit. Generally speaking, a loan without a guarantee or a guarantor is regarded as an unsecured loan. The lender will instead perform a thorough affordability assessment and credit check to determine if the loan is suitable for you.
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Unlike no guarantor loans, guaranteed approval is not a legal product in the UK. Lenders are not allowed to market guaranteed loans, especially not to people with bad credit or people on benefits who will, in many cases, be vulnerable customers. It is legal to guarantee a loan against assets or with a guarantor, but you should be very suspicious about lenders offering loans with guaranteed approval.
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High acceptance loans with no credit check
No credit check is a no go! Guaranteed loans with no credit check contain the problem that responsible lenders should be avoiding, to promise guaranteed loans. Be careful regardless of your credit file situation, as these loans are often offered by illegal and non authorised lenders.
Guaranteed Personal Loans
Guaranteed loans, or as they are sometimes known, guaranteed personal loans, are often a great solution for funding a significant purchase. Examples of these purchases include a car or home improvements. These loans are often unsecured loans. This means that unlike a secured loan, the creditor has no claim on your financial assets should you fail to maintain unsecured loan payments. It is partially because of this that guaranteed loans online are not necessarily the cheapest credit available for you.
Can I get a guaranteed unsecured personal loan in the UK?
A secured loan means that you sign over something (usually a car or house) for the lender to take should you not repay your loan. This usually makes loans cheaper. Despite this, many people prefer to find guaranteed unsecured personal loans, saving them the worry of losing their possessions. It can be harder to find guaranteed unsecured personal loans for poor credit. However, there are lenders who specialise in this type of loan and should be able to offer you a decent rate. Remember though that unsecured personal loans with guaranteed approval are illegal in the UK.
How do I apply for guaranteed loans online?
Applying for a guaranteed personal loan online is easy, and we charge no fee. However, don’t just pick any lender! You need to ensure that the loan application form is secured and that the provider of the service states its contact details. These must include a real UK address and phone numbers. If the site claims to offer guaranteed loans with no credit check, you need to be careful as no credit check loans are often offered by illegal and unauthorised lenders. PLNOW offers safe and fast long term loans online that are FCA authorised and regulated. When you apply with us, you can rest assured that your confidential details are safe and secure.
Guaranteed Loans from Personal Loans Now
Our service to you is Credit on Demand. As a superior direct lender in the UK we can provide fast online credit upto £25,000 today. Apply directly to us for the flexibility of being approved with poor credit, without a guarantor. If we can’t fund you the money ourselves we will work with handpicked lenders to get you the loan that you need fast. This massively increases your chances of approval from a single application being presented to the whole market. You will receive a loan decision within 90 seconds. If you’re approved, the money will be sent to your bank account the same day. Apply now for Credit on Demand with PLNOW.