Quick unsecured loans of ?100 to ?15,000
It is credit scoring, centered on a job candidate’s credit history, that will undermine the financing choice. And that’s exactly just what you are allowed by these loans in order to prevent.
All loan providers is going to do a credit check since they have to verify your identification and ensure you aren’t bankrupt or on an IVA. However they will not base their financing choice on a rating determined from your own credit score.
The way a loan provider can worry less regarding the rating as well as your credit history is through you someone that is providing a guarantee your loan – a person who could step up, if required, to create one or more repayments for you. In this manner the danger towards the loan provider is paid down and so they shall become more inclined to help make that loan.