Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Representative Example: On an assumed loan amount of £750 over 12 months. Rate of interest 292% (fixed). Total repayment amount £1351.20 and total interest is £601.20. 12 monthly payment of £112.60.** We do not know how many customers take out a loan or the APR, this calculation is based on the mean APR of the lenders we work with
Loans can never be 100% guaranteed, but at My Financial Broker we successfully match your application with multiple lenders to help maximise your chances of approval.
Whether you have good credit or bad credit, we offer an effective way to get funded across unsecured, secured, bad credit and personal loans. We offer an instant decision on screen, and funds are usually available within 1 hour or the same day. Apply for up to £2,000 using the apply now button below.
Every lender in the UK has different criteria when it comes to who they lend to. However, if you have a very strong credit history and a steady employment, you are certainly putting yourself in the best position possible to be accepted. There are ways to improve your chances of getting a guaranteed loan though, especially if you meet the following criteria:
If you have a near-perfect credit score, you are in a good position to be accepted for a personal loan, at a very affordable rate. You can check your score for free using a credit reference agency like Experian. You automatically get a credit score when you turn 18 and you can build it up by making all your payments on time for credit cards, loans, phone bills and more. If you fall behind on payments, get defaults or a CCJ, this will negatively impact your credit score.
Smart ways to boost your credit rating include closing down any store cards or credit cards that you do not use – since having them makes it look like you have access to potentially large amounts of credit, even if you're not using it. Also, it is best to disassociate with any people with bad credit that you have a joint account or mortgage with, since it is assumed that you might have to help them out. Essentially, if you have a joint account with someone with a low credit score, this can lower your own score.
If you have been employed for a long time and have a steady income, this will give the lender confidence that you will be able to repay your loan on time. Some lenders we work with at My Financial Broker will request proof of recent payslips – and if you have been employed at the same place for several months or years, it adds a lot of credibility to your application.
You may be concerned that having a poor credit score will decrease the likelihood of you taking out credit. But you can improve your chances of getting a guaranteed loan online if you have a valuable asset or collateral that you can use.
For some people, this could be using their car or van as collateral to apply for a logbook loan. Or if you own a property, you can secure your loan against your flat or home to access funds. Provided that the car or property is relatively new and in good shape, it should maintain its value and many secured lenders will be willing to lend on this basis. However, you should be aware that your asset could be repossessed if your loan is not repaid.
Yes, guaranteed loans for bad credit histories are available provided that you have some form of security. This could be adding a guarantor with a good credit history to your application (known as a guarantor loan) or using your vehicle or property as collateral (known as a secured loan).
There may be certain requirements you need to meet in order to be eligible, such as being a UK resident, being employed, and earning a regular income. If you may have defaulted on payments in the past, lenders will need some reassurance that you will be able to repay your loan on time, and having a regular income and being able to afford repayments will help you get a guaranteed loan.
It is usually much tougher to be approved for guaranteed loans for unemployed people. You will typically need to show that you have the ability to pay off your loan each month, such as through earning a regular income from work. Some lenders will accept people on benefits, however.
Yes, this is possible. We offer many loan products where you do not require a guarantor. If you have a stable income, employment and are staying on top of your finances, you are in a good position to be approved.
If you have a poor credit rating, you can consider using your vehicle or a valuable asset as security. If you apply with us directly, we can help match your criteria with the best lender to suit your requirements.
The lenders we work with don't tend to offer guaranteed approval, as they need to perform credit and affordability checks to ensure you're able to make the due repayments. However, many short term lenders will consider your application even if you have a poor credit history.
So if you're looking for an instant decision loan, our online application shouldn't take more than a few minutes to complete, and we will then do our best to connect you with a suitable lender.Apply Now