All You Must to Know About No Guarantor Loans

You always need a guarantor when your credit score is not in good condition, and you are approaching a mainstream lender. Several individuals do not want to become someone’s guarantor, and thus, you may not ask others to take your loan guarantee. Fortunately, no guarantor loans are there as the perfect solution to this chaos.

No guarantor loans are anything but small borrowing that the lender can allow despite no one backing the borrower. If you are new to the financial marketplace, you must be unaware of who the guarantor is.

A guarantor is another person who takes the responsibility of the primary borrower in ensuring the loan repayments. The individual guarantees that the lender will receive the loan repayment within the given schedule. If the primary borrower fails, then he will do the job.

A guarantor can be your close friend or a family member. Still, the problem is that not everyone agrees to become someone’s loan guarantor. It is in this situation, loans with no guarantor prove their significance.

What are No Guarantor Loans - Definition and Features?

No guarantor loans from direct lenders represent small-term borrowing. It means that no one will take responsibility for loan repayments, and it is only yours.

When you come into an agreement with the lender, you do not have any other person along with you. Such sorts of loans provide you with financial independence. At the same time, it may attract a higher interest rate than guarantor loans or guaranteed loans.

ForniteMoney, as the responsible direct lender in the UK, wants to assure you that interest rates will not be on the higher side. We analyse your circumstances and income capacity to finalise the rates.

Traditionally, payday loans with no guarantor have been the prime example. We have taken the concept of only ‘no guarantor loan’, proving highly vital to everyone.

Here are the loan features that please you at most:-

Flexible Loan Terms: You get multiple choices in terms of loan duration to choose the most suited one.
Same-day Loan Decision: These are small loans and will not take too much time to bring the applicants' approval decision.
Online Loan Application: You get the loan decision on the same day because of a 100% online loan application with no paperwork required.
Acceptance on Any Credit Score: We do not mind if your credit score is not healthy enough. You can come to us with any past credit scores.
No Prepayment Charges: Do you want to repay the loan early? You are welcome to do so without paying any single charge.

Can I Obtain Loans for Bad Credit with No Guarantor and On Benefits?

Bad credit is something like a blot on your financial creditworthiness. Still, we are available all the time to serve the financial purposes of those with poor credit histories. With us, you will get bad credit loans with no guarantor needed.

We follow a different and fair lending strategy when it comes to loan eligibility. We focus on your current financial circumstances, especially two factors:

The main advantage of getting bad credit loans on guaranteed approval with no guarantor from a direct lender is we do not look at your past credit details. If you have a short or poor credit history, you can approach us anytime.

To apply for no guarantor loans with bad credit on benefits, simply fill up an online application form. Our representatives straightway get back to you with an obligation-free loan quote.

Why not apply for a loan with no guarantor now?

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How Easy Is to Get Loans for Bad Credit with No Guarantor and No Fees?

There is no qualm that seeking bad credit loans with no guarantor from a direct lender can satisfy your financial needs immediately. Still, a few loan aspirants have doubts over the cost of these loans.

As per the trends, loans for poor credit are on the expensive side when it comes to interest rates. Fornitemoney treats these sorts of loans differently. You get the advantage of loans for bad credit with no guarantor and no fees from a direct lender. The loan interest rates are also on the competitive side.

With us, you have an excellent chance of getting bad credit loans on guaranteed approval with no guarantor needed. Loans are manageable and easy to repay under the decided schedule.

Are Doors Open for Very Bad Credit Loans with No Guarantor and No Broker?

The loan opportunities are available for people with bad credit scores, but the same is available for those with very poor credit histories. Yes, we are among the preferred choices of very bad credit loans with no guarantor from a direct lender.

Unlike the mainstream lenders, we take care of your financial aspirations despite your adverse credit histories. Instead of denying your loan application straightway, we consider several points. These include:

Another benefit of approaching us is that you can have very bad credit loans with no guarantor and no broker in the UK too. It is something that can prove highly vital in keeping the loan cost under your repayment capacity. You do not need to pay any broker's charges because we directly lend to your financial requirements.

We offer a variety of very bad credit loans where no guarantor is needed:-

Does Fortnitemoney Offer CCJ Loans with No Guarantor?

As the borrower-friendly direct lender in the UK, we offer CCJ loans with no guarantor needed. County Court Judgement (CCJ) happens when you have made a loan default, and the lender has taken your name to Court.

The Court offers a judgement against your name, and it will impact your financial creditworthiness. The mainstream lenders are particularly very strict towards the people with CCJ.

Fornitemoney is a modern-day online lender and shows flexibility while offering CCJ loans. However, you have to be good on two parts:-

Having a stable income is necessary because it will remove the necessity of a guarantor.

If you are unemployed and living on benefits, we still fund your financial needs. You can apply for our loans for people on benefits with no guarantor required

How Handy are Loans in the UK with No Credit Check and No Guarantor?

A hard credit check is always painful to those with poor credit histories. On the other hand, soft credit check opens up the borrowing doors for the aspirants.

The concept of loans in the UK with no credit check and no guarantor can be hard for a lender, but we are committed to this.

As no lender is allowed to offer a loan without a credit check, we still try our level best to approve your loan application.

Our no credit check loan concept applies to the promise of no search footprint to your credit profile. We do not refer any credit agencies to know your credit score rather approve loan applications on your current income status.

If you want to know whether you are eligible for no credit check or not, then:-

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Can I Get Debt Consolidation Loans for Bad Credit in UK with no Guarantor?

Yes, you can apply for debt consolidation loans for bad credit in the UK with no guarantor. Moreover, you do not need to go anywhere since we are here to consolidate all your debts into a single loan option.

You will get the following benefits with us:

What are the Advantages and Disadvantages of Fast Loans with No Guarantor?

The loan marketplace of the UK has plenty of loan offers. Fast loans with no guarantor are among the most applied unsecured loan options, which people need to accomplish their financial goals.

Fortnitemoney is the leading provider of no guarantor loans. Thus, we familiarise our borrowers with everything on a loan product. See below every positive and risky aspect of loans with no guarantor.

Advantages Disadvantages
No strict eligibility criteria Not many options are available
No hurdles during the loan approval Higher interest rates
No collateral is needed Only a small amount is available
Fast loan approval Not suitable for longer financial goals

Fortnitemoney should be your choice of lender, as our no guarantor loans have the capability of fulfilling your several loan purposes. Once you borrow from us, you will see the difference in applying for loans from others and with us.

Opportunities are knocking your doors. Do not delay things; take a quick action and start applying for loans now.

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Bad Credit No Guarantor Loans FAQs

Can I get 15-minute loans from direct lenders?

Yes, you can get 15-minute loans from direct lenders. However, these loans are small loans. It means you can get the money for a small period. You will be liable to pay off the debt in a lump sum on the due date. You can get these loans even if you have a bad credit rating.

Can I apply for a bad credit loans no guarantor when I am unemployed?

If you are unemployed, you can still borrow money. These loans are known as unemployed loans. However, it does not indicate that you do not need to prove your repaying capacity. Your benefits will be considered your income.

If you have any other income source like a part-time job, you can also show that. This will help you borrow a good amount of money.

Can I apply for a loan without a guarantor in case of a bad credit rating?

If you have a bad credit rating, you will need to show additional security apart from income to mitigate the risk of the lender. If you do not have a guarantor, you can apply with a co-applicant. However, if you need a small amount of money, you are eligible for a loan without a guarantor.

Do guaranteed loans mean a 100% guarantee?

No lender promises that you will get a loan with a 100% guarantee. Guaranteed loans mean a high approval rate. It can be up to 97%. A lender will check your credit rating to see your affordability, and they can turn down your application if they are sceptical about your repaying capacity.

Can I improve my credit rating with no guarantor loans?

As far as it is about building your credit score, these loans are not suitable. Since no guarantor loans are very small and paid off in a lump sum, they cannot show your repayment behaviour. You should take out instalment first direct loans instead.

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