Find guarantor loans with low APRs
Missed payments and CCJs are not a problem
It is now possible to borrow money at reasonable rates even with a bad credit score if you have a guarantor to back your loan application
The widest selection of loans
On our panel is the best selection of loans and lenders to maximise the opportunity of us helping you to find the very best deal for you.
Easy to use compare loans table full of information about each deal
Information about all our lenders and their loans is summarised in our compare loans table to help you to easily sort and find the best loans.
How it Works
Our mission is to make it quick and simple for you to find the best and cheapest guarantor loan.
We provide you easy access to all the very best lenders in the UK.
All you have to do is select which of the loans best suits your needs and apply to that lender.
How the loans work
Guarantor loans are currently the most affordable type of loan for those with a poor credit history.
With representative APRs ranging from 39.9% to 54.9%*, they are typically much cheaper that payday, instalment and doorstep loans.
The reason that they are cheaper, is that you need to find a friend or family member with a clean credit history to back your loan application.
* Note these rates relate to the £500 to £15,000 loans, if you are looking for a smaller loan from £100 to £500, the representative APR for these loans is currently 302%.
Frequently asked questions
Step 1: Find out if you can actually get a good credit loan
You should see if you can get a good credit unsecured loan as these will be cheaper.
To do this look at your credit file, then go onto one of the well-known compare loan sites online and see if you meet the lenders criteria or not. We suggest that you do not send off loan applications unless you are sure you meet the criteria as failed loan applications will damage your credit file.
If you do not meet the criteria:
Step 2: Compare our loans
We have partnered with the very best lenders in the UK offering the cheapest loans you can get if you have a poor credit file.
See our compare loans table.
The amount you have to pay will depend on the circumstances of both you and your guarantor.
You can estimate the monthly repayments for different loan amounts on our loan calculator.
Or for a fully accurate quote, please go to our loan apply form where you will be asking for an actual quotation from the most suitable lender based on your criteria (though with no obligation, cost, or checks on your, or your guarantor’s, credit file).
The usual route to find a loan is from one of the major banks and this is often one of the first places that people look; but most of the major banks have decided to only to lend to those with a clean credit file.
This has resulted in specialist lenders coming onto the market. The more well-known of these are those with a large marketing budget, and unfortunately this cost typically goes directly onto the loan making them more expensive.
We have realised the difficulty of finding an affordable loan when you have a poor credit history, so we set up our compare table, loan calculator and loan apply form to help you easily find the best value loan possible.
The main other types of bad credit loans are payday, instalment and doorstep loans, and a summary of these are listed below, and as you can see they are much more expensive:
Very short term loans typically between about £50 and £500 for up to four weeks (to your next payday) with rates up to about 1509% APR.
Small loans typically between £50 and £2,000 taken over three to 24 months, with rates from about 300% up to as high as 1,500% APR.
Small loans where the lender’s agent collects weekly payments from your house from between £100 and £1,500 over three to 12 months, with rates from about 270% to 400% APR.
Certainly, we have a dedicated page if you click here.
Of course, we also have a dedicated page all about being a guarantor here.
- Money Insider: Ignore payday loans to better credit score - The Independent. 2014-10-10
- A problem shared? Exploring the market for guarantor loans - Citizens Advice Bureau – 2015
Return to our home page Guarantor Loans
Use the loan calculator below to estimate monthly loan repayments.
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