Guarantor Loans UK

Guarantor Loans and Other Bad Credit Loan Solutions

MAIN POSTING: ★★★ Guarantor Loan Lenders ★★★
UPDATES:
Various postings across this site are currently being updated or re-posted. At this time, the focus is on the comparison alternative solutions. The most recent updates have been for the credit card, doorstep loan and logbook loan comparisons. Thanks for your patience.

£1000 Loan Comparison: Guarantor Loans Online vs Pounds to Pocket

This first comparison will be made between Guarantor Loans Online and Pounds to Pocket for a £1000 loan taken over 12 months. Guarantor Loans Online have been used due to their fixed APR charge (FLM provide a typical rate and so this rate can change). Pounds to Pocket have been the first company to be compared due to their rising popularity here in the UK. This is a popular lender at the moment that is regularly running TV ad campaigns and is part of the QuickQuid family; I will introduce Pounds to Pocket in detail in a later posting. Typically, many guarantor loan applicants tend to apply for larger loan amounts such as £2000 or £3000, but the £1000 loan example used here is ideal to compare, since there are many lenders out there offering this same loan amount (they don’t tend to offer £2000/£3000 loans).

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Posted by admin - January 27, 2012 at 8:04 am

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Alternatives: Logbook Loans UK

Logbook loans have gained popularity over the years, mainly due to them being no credit check loans. Logbook loan lenders don't require a credit check since they secure the loan against your car (or other vehicle). The loan specially works by the lender keeping hold of the logbook (V5) and usually the MOT certificate throughout the term of the loan. This means that they have the legal right to take your car should you not be responsible to the debt! These subprime loans do work out very expensive for longer payment plans and so you should minimise that borrowing term. In regards to the logbook loan lenders, three popular names include Logbook Loans, Mobile Money and V5 Loans. Two newcomers include Car Cash Point and Easy Logbook Loans. Logbook loans tend to stretch up to £50,000, based on the value of your car. The loan duration can also be stretched over a few years.

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Posted by admin - November 26, 2011 at 4:06 am

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FLM Quick Loans Looking Impressive

FLM Quick (or FLMQuick) is the younger brother of FLM Loans belonging to the Richmond Group family. I didn't take too much notice of this new product when it launched, but when investigating them recently I was certainly impressed with the low costs available. What FLM has created here is essentially a new sub-niche of guarantor loans, that act as small guarantor loans. FLM isn't the only provider in town as well, with Guarantor Loans (Blackheath Ltd) also creating a similar loan product; you may remember that they have always provided large guarantor loans, but now they have lowered the amounts from £100-£750. Moving back to FLM, you may wonder why I have shown such support for them here? A lot of this has to do with the low costs involved.

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Posted by admin - September 3, 2011 at 2:48 am

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