Everyone loves to have their say about bad credit loans. Despite the fact that they offer the only viable form of available credit for many people, the bad publicity is there lurking around every corner.
Is this overwhelming bad publicity fair though? Whilst loans such as payday loans have some obvious drawbacks (they can be eye-wateringly expensive!), other variations of bad credit loan such as a guarantor loan continue to fly under the radar despite the fact that they offer few of the unavoidable drawbacks of many of its bad credit counterparts.
Although guarantor loans offer one of the more traditional methods of borrowing, there are still significant gaps in the public knowledge regarding how they work and what they offer. To help fill the information void, we have drawn up a list of five little known facts that we feel should be shouted from the rooftop.