What is a No Guarantor Loan?
No guarantor loans are loans that don’t require you to find someone to co-sign or guarantee the repayment of the loan.
Often, if you know or think you have poor credit or are in a difficult financial situation, having someone who trusts you, with a better credit score to co-sign the loan will offer you a better chance of the application will be accepted. Your guarantor’s promise that they will repay the loan if you fail to do so, which makes the lender more confident that they will get their money back.
With a no guarantor loan, you won’t have to find someone to guarantee your loan for you, your application process becomes a lot easier when you don’t have to rely on someone else. Although, it might be more difficult to be approved for a loan by yourself, don’t worry, as there are many short term loan companies like BingoLoans who will find you a no guarantor loan that suits your needs, especially if you have a low credit score.
Does BingoLoans Offer No Guarantor Loans?
Of Course, BingoLoans is proud to offer no guarantor loans to people in the UK. We offer unsecured instalment (short term) and payday loans between £50 – £1500, repayable over the course of 1 to 12 months.
But don’t worry as although many people may be a little apprehensive when applying for a no guarantor loan if they have less than perfect credit, BingoLoans takes that into consideration when review every applicant, so long as they meet our minimum requirements.
Your in Safe Hands
BingoLoans.co.uk is fully authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 736632.
We are responsible lenders, if we feel that providing you with a loan, over whatever period and for whatever amount, puts you in financial difficulty we will not lend to you, this is to protect you from getting deeper into a debt that you may not have the means to recover from.