Bad Credit Guarantor Loans

£100 - £5,000 paid out by 11:06pm

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

Bad Credit Guarantor Loans Offer Cash Today

Are you facing a monetary challenge? Did a financial emergency catch you off guard? Have you run out of money before payday? Conditions such as these can strain your budget, resulting in cash flow crises. When your finances take a turn for the worse, bad credit guarantor loans and other fast short-term solutions are available online. The flexible loans provide small sums of money for urgent monetary demands – particularly when bad credit conditions limit access to conventional loans.

What is a Guarantor Loan?

Under some circumstances, an individual’s credit history may prevent lenders from offering terms. When a person’s credit score isn’t high enough to satisfy creditors, a second party can sometimes be added, to strengthen a loan application. Serving as a “guarantor,” the person is usually a friend or family member of the primary borrower.

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

When reviewing requests for bad credit guarantor loans, lenders take both applicants’ credit scores into account. Even with a low score, partnering with the right guarantor can lift your so-so credit rating to an acceptable standard, facilitating short-term finance opportunities.

After backing the loan, guarantors don’t actively participate in repayment or spend any of the money themselves. Rather, the debt is managed as if owned solely by the principal borrower. Upon satisfaction of the loan, both parties are released from the obligation.

bad credit guarantor loans

Adding a guarantor reduces risk for lenders, because they have a second party to pursue, should the primary borrower fail to make timely payments. Upon backing a loan, a guarantor’s credit rating is at stake, risking damage if repayment problems arise. At the same time, successfully repaying a guarantor loan can help bad credit users build a better credit rating.

When to Consider Bad Credit Guarantor Loans

A variety of finance opportunities are available for short-term monetary concerns. Among the reliable short-term solutions assisting UK consumers, bad credit guarantor loans and similar advances originate online, offering quick cash for good and bad credit applicants. The flexible short-term resource complements mortgages, car loans, and traditional instalment loan alternatives.

As you weigh the pros and cons of near-term finance opportunities, your individual finance requirements will lead you to the best funding solution. Bad credit guarantor loans are a good choice for candidates experiencing financial conditions such as:

  • A small amount of money is needed – Omacl funds loans valued at £50 – £2,500. The flexible finance solution provides money between paydays, reinforcing personal income when money runs out before salary day. Spending demands exceeding guarantor loan limits may call for a different type of loan, with an extended payback period. Depending upon the lending partner you choose and the value of your guarantor loan, repayment terms vary from 1-36 months.
  • A guarantor with good credit is willing to help – Guarantor loans effectively allow primary borrowers to cancel-out their own bad credit with the help of a good credit borrowing partner. For the opportunity to work in your favour, an associate or family member must be willing to put their credit rating on the line, in order to help you secure the money you need. Without a guarantor, you may still be eligible for payday loans and other quick cash opportunities for applicants with bad credit.
  • Money is needed right away – Online lenders specialise in short turnaround times, including online providers offering bad credit guarantor loans. Bad credit aside, traditional lenders don’t always deliver timely funding. Even if you’re eligible for a bank loan, urgent conditions may not wait for acceptance delays associated with conventional lenders.
  • Short-term resources are required – Bad credit guarantor loans and similar online finance opportunities address short-term funding needs. The adaptable loans offer a lift when earnings fall short; the money must be paid back as soon as possible. Unlike long-term financing, which can extend for decades, guarantor loans are typically paid off within months of the original borrowing date. In exchange for timely repayment, online lenders provide immediate access to cash under good and bad credit conditions.
  • Money is needed between paydays – A bad credit guarantor loan serves as a financial bridge, from one payday to the next. When extraordinary expenses and emergency cash flow concerns demand immediate relief, guarantor loans and similar payday funding solutions offer enough money to get by until salary day.

Guarantor Loans Increase Acceptance for Bad Credit Applicants

A “bad credit” designation can block access to traditional financing. In order to reduce the risk of default, banks and building societies establish strict credit review standards, emphasising credit scores. With a low score or a history of bad credit working against you, your conventional loan application may be denied. Bad credit guarantor loans offer higher acceptance rates than traditional online short term loans, delivering flexible funding for applicants with imperfect credit.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
Easy repayments

Your personal credit history is important to lenders, because past problems may foreshadow future difficulties managing debt. Before extending loan offers, banks conduct comprehensive credit checks, examining various aspects of your finances. The information used to evaluate your application is drawn from data compiled by credit reference agencies, such as Experian, TransUnion, Equifax, and others.

Beginning with your earliest credit relationships, credit reference agencies gather information about your interactions with creditors such as card companies, mobile service providers, banks, landlords, and lenders servicing car loans. Over time, the data comprises a credit reference file, tracing your history managing money. Your credit file contains information about your finances, including entries such as:

  • Account Balances – Account information is logged for store cards, credit cards, and other open lines. Your credit limit and outstanding balance is noted for each account, illustrating unpaid debt totals. Before making loan offers, banks, building societies, and other traditional lending institutions consider outstanding debts, measuring how existing payment obligations might interfere with a new loan.
  • Payment Histories – Credit reports include late payment information, highlighting each reported occurrence. Not only is a history of late payments a red flag for lending institutions, but payment problems also reflect poorly on an individual’s credit score. If you have bad credit, due to past difficulties making timely payments, guarantor loans offer a solution, with the help of a cosigner.
  • Identifying Information – Accurate data helps lenders process funding requests, so it is important to keep your credit reference file up to date. In addition to your name and date of birth, your file shows recent addresses. When you move, updating the electoral roll ensures reference agencies report your current address.
  • Court Judgements – Creditors have the right to pursue unpaid debts, including actions taken in court. County court judgements serve as formal recognition of unpaid debts, officially acknowledging who’s responsible for defaulting. If you fail to make good on a bad credit online loan or line of credit, a county court judgement may be leveled against you, becoming public record and part of your credit file.
  • Bankruptcy – Bankruptcy has a devastating impact on anyone’s credit score, immediately resulting in bad credit conditions. Along with other public records about your finances, bankruptcy shows up in your credit history. The catastrophic credit outcome may take years to reverse, as a bankrupt consumer slowly reestablishes positive credit references.

short term loans

How to Avoid Bad Credit

In addition to compiling personal financial data, credit reference agencies also assign individual credit scores for each consumer. Scores serve as a reference point for creditors, showing where each consumer ranks on a performance scale. On-time payments and responsible credit management translate into high credit scores, whilst late payments and other credit inconsistencies produce low scores. To consistently rate well with creditors, use these tips to establish and preserve a good credit score.

  • Always pay your bills on time – A single late payment can degrade your credit score, so you can’t overestimate the importance of paying your bills on time. If payment problems arise, protect your credit score by working with your lender, devising an affordable solution. Allowing your account to fall into “past due” status may result in negative credit reporting, and your lender may also impose late payment charges.
  • Check your credit report at least once a year – Inaccurate credit reporting can leave creditors with the wrong impression about your finances. Fortunately, credit reference agencies are obliged to provide a free annual copy of your credit report, upon request. Regularly reviewing your credit report allows you to correct inaccuracies and update the information in your file, before reporting errors do lasting damage to your credit score.
  • Utilise a variety of credit resources – A history of diverse credit usage, paired with timely payment, supports a strong credit score. For the best results establishing a good score, strive for diverse usage to illustrate success managing varied credit opportunities. From paying off your car loan to staying current with your mobile bill, each positive credit outcome contributes to a healthy credit score.
  • Maintain manageable balances – Overutilisation occurs when unpaid balances account for too much of your overall credit availability. In order to score better with reference agencies, reduce usage to levels well below the credit limits on your accounts. Not only does the practice leave room for future spending emergencies, but maintaining balanced utilisation also shows creditors your finances are not maxed-out.

Bad credit guarantor loans offer unique short-term funding opportunities. The flexible online finance solution allows someone with good credit to cosign a loan, in order to facilitate acceptance for a friend or family member with bad credit. When you need money before payday, but your credit history suffers, applying with a guarantor can help you obtain a quick cash loan.

Omacl on the FCA Register

Omacl is a registered trading name of Chojin Ltd and is authorised and regulated by the Financial Conduct Authority (FCA). You can view our registration status via reference number 732880.

Free Financial Advice

If you are struggling with debt or are unable to make your loan repayments, please visit the websites below. All of them offer free, impartial advice.

Warning: Late repayment can cause you serious money problems. For help, go to