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Representative Example: Loan Amount – £200 | Borrowed for 10 days | Interest: £9.89.
Total Repayment: £209.89 (Fixed) | Representative APR: 728.9% 
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. Cashcomet.co.uk Introduces customers to Monevo Ltd for the purposes of obtaining a loan. Cashcomet.co.uk does not provide any loan or consumer credit products directly.

 

Personal Loans

Moving Forward Starts Here

A personal loan can help you take control of your finances.

Personal Loans

See Why They’re Happy

Our customers rave about On Stride Financial. We’re just happy to help.

Why Choose Cash Comet

We offer more than just personal loans…

Loan Customisation

Choose a loan option that works best for you.

No late fees

What you see is what you get – no hidden or late fees.

Dedicated Customer Service

It’s our job to make sure your questions are answered.

Guarantor Loans in the UK: Finding the Best loan Solutions

While there is now an abundance in the number of lending firms who specialise in extending financial resolutions to the ever-growing number of borrowers in the lending industry, this wasn’t always the case during the past century. Although loans have always been extremely important to men and businesses even during the ancient years, the continued increase in the demands for these services have eventually created problems for both the lenders as well as the borrowers. As lending firms struggled to meet the demands for loan services while trying to put a curb on the increasing number of accounts that have gone delinquent, a credit scoring system was eventually agreed upon and created by the lending institutions. Under this credit scoring system, lending firms were easily able to segregate borrowers whom they deemed financially able from those whom they believe may not be financially stable at all. Individuals who earn less than what the lending firms have prescribed as the minimum were automatically assigned poor credit scores, while borrowers who, regardless of their reason, might have frequently missed out on their payments, found their records automatically reflect their bad payment history. Through this credit scoring system, traditional lending firms and institutions were easily able to separate borrowers whom they believe are unlikely to be capable of paying off their loans from those whom they believe will likely be able to pay off their debts without any problems. And while this credit scoring system was (and remains, to this day) highly helpful and effective in helping the lending firms attain their aims, its financial effects to the borrowers proved to be extremely disadvantageous and highly detrimental. Since individuals with poor credit scores and bad payment histories were automatically excluded from taking any more loans from any of the legitimate lending institutions, borrowers were often left with very little and often impractical or downright unacceptable alternatives. When faced with urgent financial crises, borrowers were often left to choose between taking loans from underground lending firms, selling their properties, or borrowing money from some of their friends or members of their family. And because selling properties and taking loans from friends and family can’t always be done easily, a lot of borrowers were often left to resort to taking underground loans from individuals or firms who are lending illegally. And while this option does help borrowers overcome their temporary financial problems, the exceedingly high interest rates attached to these illegal loan services often leave borrowers in even worse financial circumstances. why choose guarantor loans

Getting Guarantor Loans for Bad Credit

Due to the incessant increase in the number of borrowers with poor credit scores and bad payment histories who found themselves in similar perpetuated difficult financial circumstances, a whole new market comprised entirely of borrowers with bad credit was eventually created. And as demands for better and more affordable loan services continued to surge in this brand new market, lending firms have later on came up with innovative new loan services. With innovative new loan solutions such as guarantor loans for bad credit, borrowers now finally have easy access to much more flexible, much more affordable, and far safer financial alternatives.  Through guarantor loans and other innovative new loan services, borrowers need not have to settle for much more expensive and unsafe loan services. Guarantor loans are actually secured loans which are normally to be paid over at much lower interest rates and much longer payment terms. Borrowers may avail of these loan services with the help of guarantors, who can either be individuals or firms who are willing to pay off the borrowers’ loans should they default on them for any given reason. Guarantors can be borrowers or firms with good credit standing. They cannot, however, be the borrower’s spouse due to the fact they are often co-borrowers in most loan agreements.

How to Get Guarantor Loans and Instant Loans for Bad Credit

Unlike most of the traditional applications for many of the conventional loans usually available in standard lending firms, application procedures for guarantor loans and instant loans for bad credit are much faster and much more convenient. Through guarantor loans and instant loans for bad credit, borrowers can now easily accomplish their applications over the internet. And since everything can now be done entirely online, borrowers now have the convenience of being able to submit their applications from anywhere they are, and at any given time. Because applications for guarantor loans and instant loans can now be accomplished completely online, borrowers can now expect for their applications to be processed as soon as they are submitted. Consequently, approvals for these loan applications can now be accomplished in as little as just a few minutes after they were submitted. The release of funds for approved loans, on the other hand, can now be completed even on the very same day that the applications were submitted. And since guarantor loans are secured loans, borrowers need not have to worry about having to submit impossibly difficult to secure requirements. Due to these features of guarantor loans and instant loans, these loan options make great alternatives in times of urgent financial circumstances, as well those that require loans in higher amounts and much longer payment terms.

Getting Guarantor Loans from Direct Lenders

A common mistake among countless borrowers is that because borrowing from the lenders directly means they no longer have to pay for loan brokers’ fees, they falsely believe that this method allows them to save more money in the long term. What many of these borrowers commonly overlook is that because loan brokers have a network of connections to numerous lenders across various regions, it only follows that they have extensive access to all the discounts and promotions that are being offered by these lenders across many of their services. For this reason, borrowers who have opted to secure loans from the loan brokers actually enjoy much more privileges and far more savings in the long term. And because expert financial advise is extended by the brokers to their clients, borrowers are consequently guaranteed the best loan choices according to their unique financial circumstances. why choose guarantor loans

10 Tips for Borrowing Personal Loans

Ask Questions.

If you have any questions or concerns regarding your personal loan, don’t hesitate to contact your lender’s customer service department. It’s their job to make sure there are no issues with your loan.

Make Your Payments On Time.

Most lenders charge late fees for missed or late payments. Try to make your payments on time to avoid any unexpected charges. If you know that you may miss an upcoming payment, contact your lender beforehand to come up with an alternative solution.

Repay Your Loan Early.

If your lender doesn’t charge an early repayment fee, consider paying off your loan early. Doing so could greatly reduce the interest accrued on your loan.

Don’t Borrow Too Many Loans.

By borrowing too many loans, you run the risk of falling behind on payments and acquiring many late or missed payment fees. Only borrow what you know you’ll be able to repay comfortably.

Read Your Contract.

Make sure you read and understand the contract before signing your loan agreement. Many of your loan’s rates and terms will be explained here in detail, so it’s an important document to review before proceeding.

Check Your Information.

Before submitting a loan application, review your information to make sure everything is accurate. This will accelerate the approval process and allow the lender to make the most accurate lending decision regarding your application.

Review Your Credit Rating.

Borrowers with good credit ratings will typically receive better rates than those with less-than-perfect credit. Your credit rating will also let lenders know if you’re a high- or low-risk borrower.

Read the Eligibility Requirements.

Not everyone is eligible to apply for a personal loan. Before spending too much time on an application, check the lender’s eligibility requirements first to see if you qualify.

Shop Around.

Make sure you shop around and compare APRs before applying for a personal loan. There are several price comparison websites available that can help you find a lender that you’re most comfortable with.

Find the Right Loan.

There are several types of personal loans you can apply for: secured, unsecured and guarantor loans. Visit our Personal Loans page to learn more about each loan type and which one best suits your needs.

Here You can see some Examples of Competitors

Loan amount
£100 - £1,000
Loan term
1 - 6 Months
CUSTOMERSCORES
Good short term plans with great rates.
Apply Now

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Loan amount
£100 - £2,000
Loan term
1 - 6 Months
CUSTOMERSCORES
Excellent service and rates.
Apply Now

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5 most recent personal loan reviews

Review of Cash Lady

I was so surprise about service, it was quick simple and easy but not forgetting the friendly staffs. Each and everyone I spoken was so helpful and ready to go extra mile. Really good, Gooood job.

Review posted by Yusuf Abboud, Dorney

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Cashback Loans

I was very worried about taking out a loan having never done this before but the girl made it so easy. She was nice to talk to, everything was made clear and precise, no problems whatsoever. Providing you keep up the payments I would recommend this to anyone. They kept myself and the guarantor informed every step of the way. Would definitely use Cashback again. I can now build my credit score. Any problems I can ring up and you have a personal plan. Great experience.

Review posted by Claudette Osborne, Kettering

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Little Loans

Found myself looking for a guarantor car loan as I'm only 19 and so I didn't have any good credit against me to get a normal one. Not only was Little one of the lowest interest loans I found but they were really helpful and it only took 2 days from applying to getting the money in my account. Brilliant service, would definitely recommend.

Review posted by Alex Kidd, Hull

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All our reviews are gathered from Trust Pilot to ensure authenticity.