How To Get Guarantor Loans by Direct Lender When Unemployed?

Denials, refusals, rejections are the frequent words to listen when you try to get some financial assistance while unemployed. Banks and other traditional lenders demand a regular income and a reliable employment status from the applicant. You cannot wait to apply to get the next job. By that time, your financial situation will reach to its worst.

Such conditions make you explore alternative methods of lending. Nowadays the direct lending is gaining its worth. There are several deals in offer of unsecured and secured, as well as no guarantor and guarantor loans by direct lenders.  They facilitate funding for the jobless people with less hassle of formalities. However, there are some rules and guidelines that they expect you to follow. Let us read about those must do’s and don’ts below.

1.       Stay loyal to the guidelines 

This is the very first and workable thing that you should do to enhance your chances of approval. Every lender has some guidelines regarding the deals. Whether it is about interest rates, APRs, repayment schedules, loan tenure or any other rule, you have to follow them. They need your support in knowing your financial efficiency to bear a loan. Cooperate with them and provide them every detail they want. Besides, when you talk about the possibilities of customisation, it should not extend to the limit of an argument. The loan companies cannot compromise after a certain limit. They also have some concerns on earning profit in the competitive loan market.

2.       Show some possibility through your current financial status 

When you are jobless, some financial consequences follow you as an obvious incident. Pending obligations might cause you experience a drastic degrade in credit scores. In that case, fulfilling the obligation of guarantor is almost impossible. Also, you have to stay alert from the traps of the faulty lenders that grab huge money in the name of fee or some hidden charge.

Then what to do?

Your recent financial status can help you here. The direct lenders are ready to consider an applicant if he or she has good financial stability in recent times. Getting job is not a rocket science. Today or tomorrow, you will get the job. But when you were in job recently and if there was a stability in your finances, you have chances of getting funds. There are online lenders that provide loansfor bad credit with no guarantor and no fees for unemployed. You can try them.

         3 Apply only one lender at a time 

Multiple loan applications can considerably harm your credit records. It leaves search footprints and in case you get denial then credit scores may degrade. At a time apply from only one lender and in case you have to approach other lender, then space up your loan applications. You will never want to look credit hungry in the eyes of the lenders.  This is specifically important if you are applying for the loanswithout guarantor for unemployed where your repayments are not secured. Here, you credit ratings and recent financial conditions become your life saviour.  

Applying in the right way is the most important thing to get funds during jobless days. Every single thing related to your finances matter and by making cautious efforts you succeed in getting the desired financial relief.

Are You In Financial Stress? Let Non Guarantor Loans Tackle It

There is no need to tell the reason of your financial problem. They keep coming in your way and a good solution without wasting any time is what you need to do. There are numberless loan products in the market, you get them and end your problems. However, if you have a bad credit score, the borrowing will not be an easy thing for you. But there are places, which can make borrowing unprecedentedly easier despite your poor credit situations. The FinTech Market is the new buzz of finance industry in the UK. It is known for its stunningly liberal lending policies and instant online funding.  

The non guarantor loans are one of the specialities of FinTech. These are especially suitable for those who are in extreme financial stress or in bad credit situation. They are instant in approval and bear no obligations, which are given below, that usually other loan products do.

The guarantor - As according to the name, the applicant needs not to provide the guarantor. He borrows money without the backing of a co-applicant. Having this facility is serving great relief to the people, nowadays.

The collateral - Yes, no collateral will be required to secure your loan repayments. Pledging of assets is a stressful decision and having freedom from this is again a luxury.

These are the two main perks that you get when you apply for these loans. A large number of borrowers attract towards such loan options, specifically due to these relaxations.

Now Let Us Talk About the Rate and Repayments

Obligation-free loan products come with higher interest rates. It is a fact that everybody knows and online lending is no exception. However, as the online loans are near to hearts of the borrowers due to their flexibility, the lender can certainly make flexible repayment schedules.

Two Escape Ways from High Rates

First, if you have good credit scores, then depending on the policy, lender can give you relaxations on rates.

Second, you can get rebate despite bad credit scores. However, it is possible only when your poor scores have happened recently.

The supple approach like this makes the loans for bad credit with no guarantor more approachable and borrower-friendly of course.

Additional Benefits at No Additional Cost

The new age lending is playing an important role in some very promising loan features like -

Payment Protection Insurance (PPI) - A policy that covers your monthly loan repayments if you fall sick or face unemployment, due to redundancy. Those with bad credits should think about this policy very seriously. They cannot afford to miss their repayments, whatever is the cause. This insurance will help them in bad times and they will be able to improve their credit performance.

Renewal Policy - This is also a supportive feature that helps in repayments and credit score improvements. It extends your loan term and you get extra time to repay your monthly instalments.

The guarantor-free loans for bad credit will always be a reliable support in your tough times. The important thing is to find a genuine lender. For that, you need to activate your tech savvy nature and you will surely find one.

How to Improve Your Credit Ratings with No Guarantor Loans?

From routine medical check up to finances, people now have smarter ways to deal with the situations. Unquestionably, the technology is playing the key part in making lives better. Fintech market is the latest example of that. Now the lending is not only about borrowing money, it has also become a medium to earn back the lost balance of financial lives and improve credit scores. For this obviously, people will prefer the obligation free options and the no guarantor loans are one of the best financial products for that.

These loans are supplemented with many advantages that are designed to bring the peace in the life of bad credit borrowers.

No disputes on bad credit scores

As the loans, without the compulsion of guarantor, are also availed to improve credit ratings, there is no constraint of credit scores. Many bad credit scorers have improved their credit ratings by availing these loans. Some simple online procedures and the loans are approved.

Providing a guarantor is on your choice

If you are really taking this loan to boost your credit scores, then you will never want to struggle to find a guarantor yourself. Already, your bad credit scores give enough reason for people to see you as a threat to their finances. No one will be ready to back your loan application. You can borrow money without presenting any second borrower and bad credit loans with no guarantor will be the best option for you. However, there is another situation. In case, you have a second applicant, you are free to do that too.

But, interest rates may vary

The rate of interest varies on the basis of the availability of the guarantor. If you are availing loans without the guarantor, you might have to pay high rates. And if you are providing a second applicant, you can always demand the lower interest rates. In fact, this is something, which the lender will offer you because in that case, your loans will become a secured loan and on secured loans, the interest rates are always lower.

CCJ? Still you are welcome

As the lending today is not only about borrowing money, the customers with CCJ can also apply for loans. After all, how long one can carry the curse of CCJ? Such people are in more need to improve their bad credit scores. If something can give them the chance to get rid of the vicious circle of CCJs and poor credit scores, then one should really consider it and there is no second thought about it.

Credit ratings are very important but you should know that a bad credit rating is not the end of the prosperous life. Your financial health does not rely on credit scores only, it also depends how intelligently you manage the adverse situations. Determination and an appropriate loan product are the two major things you need to get back the peace of your life.  Determination is inside you and loan is available in the loan market, you just need to pair them. Are you ready for that?

Loans for Unemployed to Manage Financial Turmoil of Joblessness

You need to get ready early morning for a very important interview. The days of unemployment you are going through nowadays demands an immediate solution. But, the stresses of pending bills are not letting you sleep in peace. You applied for a loan in a bank but jobless people do not have guarantor in their luck.

May be you are not too familiar, but the direct lending can really provide you an absolute solution of all your financial problems. There are many lenders in the online loan market of the UK that provide loans for unemployed people irrespective of their financial and the employment status. And the major key benefits to count are

Guarantor not mandatory

The online lenders are familiar with the fact that it is not uncomplicated for an unemployed to find a guarantor.  They provide loan without the guarantor which is a big favour to the jobless people.

Low credit score cannot trouble you

Due to a bad credit rating your financial records are crawling towards severity and with this no bank is going to give you a loan. But, if you are going for direct lending, you will get your desired financial assistance.

Easy online procedures and quick approvals

The havoc of joblessness needs the fuel of urgent finances, which is possible in online lending only.

The unemployed loans in the UK are quite a frequent demand in the direct lending. Just remember to compare the lenders on the basis of APRs and repayment schedules before making a final choice. 

Make Your Christmas Merrier with Easy Christmas Loans.

With every passing day, the tinkling sound of Christmas bells is getting clearer. But the insufficiency of cash is not allowing you to get absorbed into the pleasant festive mood. It is time to think of a solution.

How about taking a Christmas loan? No, no, not from a traditional bank, especially when you are already derailed with a bad credit financial record. The idea here is about direct lending, which has many instant financial products to fund your festive expenses.

But what makes this option worth considering?

Taking a Christmas loan from the direct lending has many benefits to count. Let us have a look

Loan on low credit

 The direct lenders are playing Santa this Christmas. Offering instant loans on low credit scores will be quite relieving. The online procedure is another advantage. You can apply for a loan sitting in the cosy comfort of your home.

Flexile repayment plans

Your lender will make the most flexible repayment schedule, depending on your financial situation. You will not get any burden on your repay capacity.

Advice to inspire informed decision

Your lenders will advice you the best solution according to your financial efficiency so that you can take an informed decision.

No hidden or extra charges

The lender will not levy any hidden or extra charges on your Christmas loan. You can stay sure about a transparent procedure.

Leave all your worries, and get ready to stay in the moment. With direct lending, one should not let the stress of money crisis overshadow the colours of the life.