Yesterday, I have been playing a card game.
Not the ones in the Smartphone, though (although they seem great to me)…but with a real 52 deck of cards.
Which ones was I using? Well, I have been using the Bicycle Standard Deck by USPCC.
To tell you the truth, I didn’t have a player with me.
And that means I played alone.
If you are into card games (of course, the non-gambling types cause II don’t like them at all), then you have probably guessed what games I have been playing already.
Of course, the Solitaire games!
The game I have been playing is called joker Jailbreak.
You may find information about this on the Internet.
But why am I telling you of card games instead of loans?
Read more, and you’ll find it out.
Use a No Guarantor Loan to Make Borrowing Even Smarter
Solitary card games come with a great advantage.
You can play them for hours without a partner. What’s more interesting is that you get multiple games to play when you are bored, and you do not need anybody accompanying you all along.
It is just you and a deck of 52 playing cards.
And this process is effective for people who want no distractions in the game to make the playtime even more enjoyable, fast and personal.
The same idea goes for a no guarantor loan.
A £5000 bad credit loan no guarantor can make the lending process more personal, faster and more effective in many ways.
You can say that lending comes with its own complications. While including a guarantor isn’t necessarily a complication, the guarantor’s way of taking a loan can be a lengthy process for the borrower.
Added to that, there are the possibilities of compliance issues as there are three parties involved in the matter: The borrower, the guarantor and the direct lender.
We are not saying that a guarantor is your enemy, though.
All we are suggesting is that you can still take the help of a guarantor in circumstances that are extreme or in situations where you do not get any alternatives.
Before we tell you more about the way to use a no guarantor loan in the right ways, here are a few points you should not skip about its basic definition.
A guarantor is a person who guarantees you will repay the loan.
If you cannot repay the loan in time or you can’t pay sufficient amounts, then the money is to be repaid by the guarantor.
Your lender will reach out to the guarantor for any repayment errors or issues.
It does not mean that a guarantor has to be the person. You can also make an organisation or an institution your guarantor.
However, your guarantor might have problems of his or her own. You might face a misconnection with the guarantor at any time, including the loan terms. Then again, your guarantor may face financial trouble, and, in that case, the complications will even be more.
In order to make the most out of the loans, the first thing you will do is to take one out without a guarantor.
And here is how you do it.
Fix Your Credit Score with No Guarantor Loan
All right! You have got your credit score low.
That is a common problem, and you do not need to worry about it.
Most bad credit scores come out because there is a financial issue happening in the personal life of a credit card holder.
Often these issues also contribute to the low credit score for businesses. And that means even a larger problem known as a bad business credit score.
Well, it is better to recover it with a no guarantor loan.
The question is, why?
Think about it. You sign up or take out a 10000 pound loan bad credit in UK with no guarantor, and that means you are not making the process even more complicated with a guarantor as he or she can also have a bad credit score, which may hinder the approval of the loan.
Why would you bring in the credit score of another person when you can very well get a loan, including just one credit score, and that is your own?
The best way to use a loan of this sort is to show your direct lender your income statement.
Borrowers and general people have a misconception that most loans without a guarantor are either offered at a high-interest rate or are not accessible at all.
In that regard, we can say that these theories are wrong.
All you need to get this loan is a steady income. When your lenders check that you can pay off the monthly instalments comfortably using only your salary, your credit score will hardly be a problem in getting the loan.
We lenders are going to make a soft credit check to find out how your transactions have been. We do this to determine your credit card usage and its nature to lend you a loan that is suitable as per your financial condition.
Done with the first point?
Now, we have got another interesting point for you.
Use the No Guarantor Loan to save Additional Amounts
Well, we can make sure that you save some extra money with a loan.
This is something you never imagine, right?
Well, you can imagine right now!
Checking a no guarantor loan, you will learn that they are personal loans, and they do not need collateral for the lenders to allow you the money from them.
The best thing t do in this regard is to speak to your lender for a more flexible loan term.
Why so?
If there is a guarantor involved and both of you are suffering some degenerative impact in finance, such as a low credit score, then your lender won’t be able to help you with many options for lucid interest rates and loan terms.
But once you put the
guarantor loan aside and go with its no guarantor version, you might as well win over a number of flexible loan terms that you will love.
You got the idea, right?
Use a Loan with No Guarantor to Fund Emergencies or Urgent Projects
So, you have analysed the market and see yourself getting a wonderful establishment in the UK business sector if you can get yourself out there within a week.
You have the vision ready and not the money.
Well, we would advise you to take out a business startup loan, but of course, with no guarantors.
And the reason for or recommendation is time.
Most no guarantor loans come with a really short approval time because of one simple reason. There are no guarantors involved in the process.
You can get our point with the next line.
Most guarantor loans take a lot of time because lenders need to verify the financial documents and other formalities (such as electoral roles, ID proofs and others). This process of analysing the information from two persons for one loan makes it a time-consuming process.
The borrower loses time and, with that, opportunities possibly.
So, if you have an emergency such as a medical bill to pay or to book surgery or to make a repair project, then choose a no guarantor loan as it is approved for you within minutes.
Speaking of your business foundation (or any project that’s urgent), we can say that bad credit business startup loans guaranteed approval is offered within 15 minutes if you apply in the right ways and supply the documents we require from you.
You will get the loan or receive it in your bank account n the same business day.
To Conclude
As direct lenders, we can say that we always try to help our clients by lending and then guiding them to use the loans in the correct ways.
You have already read a specimen that bears evidence of our approaches. Why don’t you contact us to know more?
