Guarantor Loans: Loans with Flexibility

Oct 13, 2014 Blog RSS feed There are lots of different variations of bad credit loan currently available. If you believe that you have difficulty getting a loan from a bank or building society due to the current state of your credit rating, this is great news. Whilst some of these loans can ultimately prove to be very expensive, there are some exceptions to the rules, with guarantor loans being high up the list. Guarantor loans offer the perfect way of borrowing for anyone who does not have a perfect credit history. Because they are essentially unsecured personal loans, they offer the ideal alternative to other bad credit loans including payday loans. What Makes Guarantor Loans Different? It is the presence of the guarantor that separates the guarantor loan from all other bad credit loans. The majority of other poor credit loans use either some form of security, such as the logbook loan, or a very high APR, such as the payday loan, to reduce the risk to the lender. Where the guaranto
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