How No Credit Score Loans work
Traditional unsecured loans or personal loans are provided on terms that depend on the applicant's personal financial circumstances. Lenders will base their decision to lend upon the applicant's credit history and/or will use computerised credit scoring techniques to make their decision.
Our No-Credit-Score Loans change the rules and put you in control - we don't believe that because you may have had credit issues in the past that you shouldn't be helped now. With an unsecured no-credit-score loan we will lend to you if you can provide a guarantor for the loan - that is a person who is prepared to guarantee the loan repayments should you default on those payments yourself. No one is likely to act as a guarantor unless they believe that you will repay the loan 100%. This is why your guarantor is likely to be a parent, family member or very close personal friend - they will know you better than a computerised score ever could! Because you provide a guarantor we do not need base our lending decison on a credit score.
Detailed questions? Please see our FAQ page
Who can apply for a No-Credit-Score-Loan?
We are happy for anyone to apply for a no-credit-score loan - so long as they can provide a guarantor. We can take loan applications from people who might be turned down by standard lenders - e.g. private or council tenants, self employed, people on benefits, and anyone with CCJs, defaults or other credit history problems. We're able to say "Yes" where other lenders cannot.
View our General Lending Criteria
What is the Application Process?
Complete the simple, secure and fast online form. Our specialist lender will then post to you (first class) the no-credit-score loan documentation you and your guarantor need to complete - a pink form for your guarantor, and a blue one for you. You will also receive a copy of the loan terms and conditions and a prepaid envelope for you to return the completed guarantor loan forms.
These documents will be with you 2-3 working days after you've applied. The money you have requested will have be put aside for you ready to be paid out. Pass the pink form for your guarantor to complete. As soon as lender receives your signed no-credit-score loan paperwork they will process it and an assigned personal caseworker will contact you. The lender aims to payout the loan within 24 hours of processing your signed paperwork.
Apply Now for a No-Credit-Score Loan (also known as a Guarantor Loan)
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