Looking for a loan but not with a full credit check

As I have blogged before there are one or two lenders around that will offer you a no credit check loan so long as you can meet certain criteria. There are asset backed facilities where to borrow money you will need to put up your luxury car, piece of fine art or watch for example. You can can borrow up to £1,000,000 in this way.

For smaller personal loans or between £500 and £7500 with no credit check then a guarantor loan is likely to be the only viable option . You simply need to provide the added security of a guarantor who gives the lender comfort that the loan will be repaid if you default. This can be especially useful if you have little credit history or indeed a rather tarnished one. 

These loans can be processed very quickly and can be useful to perhaps consolidate other loans at higher rates such as payday loans. Granted a loan like this with an APR of circa 50% may sound high to some but if you have payday loan borrowings and aren't clearing them every month you will inevitably be paying APR's of 1000 plus. If you can find a guarantor and have not been made bankrupt or are in an IVA then a no credit check loan or guarantor loan may well be the answer.

We helped a customer on limited verifiable income and with adverse credit get a car loan paid out yesterday on an application she made only the day before. This shows precisely how swiftly the application can be processed if you have a suitable guarantor to help you with getting a loan.

For more information visit our site page dedicated to loans with no credit check