Guaranteed Unsecured LoansFind out more about tenant loans

You will see plenty of advertisements for Guaranteed Unsecured Loans, and this is indeed an attractive proposition, especially if you have been turned down for loans in the past. However, unfortunately it is simply not possible to guarantee that a loan application will be successful, because the loan provider needs to ensure that you will be financially able to pay them back, and that you have a history of repaying credit. Lending without a credit check (which is the only way in which you could be offered guaranteed unsecured loans) means that the lender would have to compensate for this lack of security in other ways. More info

If you have a bad credit rating through missing payments, having CCJs filed against you or signing up for a debt management programme and you have been offered guaranteed unsecured loans, treat the offer with caution. Any company that offers guaranteed unsecured loans, especially where bad credit is apparently not an issue, would charge you extremely high interest rates if your unsecured loan application is successful. Apart from the fact that he terms of the loan may not be favourable, you do not necessarily want to be financially linked to a loan provider that is clearly lending irresponsibly. Less