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No Guarantor Loans for People with Bad Credit

Guarantor – Noun: a person that promises to pay back a loan if the person that borrowed it is unable to do so (Cambridge Dictionary)

People often worry that they will be unable to get a loan without the help of a guarantor who agrees to repay what’s owed if they find themselves struggling to do so in the future. Borrowers with bad credit issues in particular can find it more difficult to access fast and flexible lending, with many traditional lenders unwilling to offer loans to customers with poor credit histories and with no guarantor.

At Little Loans we understand that it can tough and even embarrassing to have to seek out a guarantor when you need a loan to cover an unexpected expense in a hurry. That’s why we work with a panel of lenders to connect customers with loans of between £100 to £5,000 with repayment terms between 3 and 36 months. Borrowers may not require a guarantor, even if they have a poor credit history.

What are no guarantor loans?

To understand what no guarantor loans are, we need to look to what a guarantor is. In the simplest terms, guarantor loans require a second person to ‘back up’ the borrower and agree to take on responsibility for the debt if they cannot keep up with repayments and fall into arrears. Guarantor loans are particularly common where lenders feel they need some additional security to offer a loan to a borrower with a poor credit history. The difficult part of guarantor loans is that you need to find somebody who is both trustworthy and has good enough credit to meet the criteria for being a guarantor. It can often be tough to find somebody who is willing to pick up the pieces if you fail to repay your debts.

It’s partly because of these difficulties that no guarantor loans have become a popular lending solution. With a no guarantor loan, you won’t have to find another person who is willing to sign on the dotted loan to back up your application.

What loans can I get without a guarantor?

The lenders on the Little Loans panel provide flexible loans of between 100 and £5,000, including no guarantor loans, with repayment terms ranging between 3 and 36 months.

Your eligibility for a loan will depend on your personal circumstances – and in particular whether the loan you are applying for is affordable to you based on your regular income and outgoings. By using our quick and simple eligibility checker you can find out if you are likely to qualify for a loan in just moments, without affecting your credit score.

Can I get a loan with bad credit and no guarantor?

Having bad credit won’t necessarily stop you from getting a loan with no guarantor, but it can make it more difficult than for people with a better financial history. Fortunately, there are solutions for people who struggle with bad credit and need a loan. Whether you’ve missed repayments in the past, have been subject to a County Court Judgment (CCJ) or even defaulted on a loan, there are lenders out there who are willing to look beyond a poor credit score.

Many of the direct lenders on our panel provide quick loans that have been specifically designed for bad credit customers, with some loans that even cater for those with more restricted borrowing options such as people who have a low income or are receiving benefits. What matters most is whether the loan you’re applying for is genuinely affordable based on your current financial circumstances and lenders will be particularly interested in your regular income along with usual expenditures on things such as rent or mortgage payments, household goods, groceries, and vehicle running costs.

Having a bad credit score doesn’t have to mean that a quick, flexible loan is out of your grasp and you may not even need to enlist the help of a guarantor.

Can I get a loan without a credit check?

All loans will require you to undergo a credit check, but that doesn’t mean that you can’t get a loan with bad credit.

The Financial Conduct Authority (FCA) requires all lenders to carry out credit checks, as part of affordability assessments, on potential borrowers before they can offer them a loan. Borrowers should beware of any company claiming to offer ‘guaranteed loans’ or ‘no credit check’ loans, as they may be trading unlawfully.

As a reputable credit broker authorised and regulated by the Financial Conduct Authority (FCA), we at Little Loans do not deal with lenders that claim to offer loans without performing credit checks and will always be upfront and transparent with you about what our application process involves.

How can I apply for a no guarantor loan?

There are lots of options open to borrowers who want to take out a loan without a guarantor, but two of the most common methods are applying directly to a lender and applying via an online credit broker.

In both cases, you’ll need to make an application which can often be completed online. When your application has been finalised, the direct lender that you have applied to will conduct a credit check and this may affect your credit score. If they’re satisfied with the results, the lender will then confirm how much they are willing to lend to you and the money can often reach your bank account in just moments*.

Why use a credit broker to get a no guarantor loan

It’s all very well to apply directly to a lender if you know where to go, but Little Loans can help those borrowers who don’t know where to start or are simply concerned about making applications for a no guarantor loan due to bad credit or another issue.

As an online credit broker, Little Loans works with a panel of trusted direct lenders and in most cases we can quickly identify the lender who is most likely to approve your application for a no guarantor loan, saving you the trouble of applying to multiple direct lenders if your initial application is declined. Whilst some lenders insist on borrowers having a guarantor, many others don’t and we can help to match you with a company offering credit that is appropriate for your circumstances.

You’ll still get all the benefits of approaching a lender directly, with money often paid into a borrower’s account on the same day as they apply. We are not a lender and will never charge you for our services.

I need advice on my debts. Who can I speak to?

If you are struggling financially, it is important to consider how taking out further loans may impact you. If you are concerned about coping with increasing levels of debt and financial commitments the organisations listed below can provide you with free and impartial advice.




*Once approved, your cash could be sent within minutes. The time that it takes for the cash to be received in your account will depend on the amount borrowed and your bank’s own policies and procedures.

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Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. We’re a fully regulated and authorised credit broker and not a lender