Being faced with an unexpected expense when you don’t have the spare cash to cover it can be stressful. Fast Loan UK’s unsecured loans could offer you the cash you need without further complicating the situation. What’s more, we’re happy to accept applications from people who don’t have an excellent credit score. Even if you’ve been turned down by other secured or unsecured loan direct lenders, we could help. You could be approved for unsecured loans with no guarantor, no collateral, and no security of any other kind.
We offer unsecured loans in the UK of up to £2,000 that are sustainably affordable for each and every customer. You can choose to repay our unsecured personal loans in flexible weekly, fortnightly or monthly instalments and can have up to 8 months to repay your loan.
As unsecured loans direct lenders, our customers’ interests are our top priority. We strive to be a transparent, responsible lender and offer our customers the best unsecured loans possible. You’ll have a dedicated Customer Care manager who will work with you for the duration of your loan term. To find out more about our unsecured loans in the UK, contact Fast Loan UK today. Our unsecured loans UK based specialists will be happy to help.
Why We Offer Unsecured Personal Loans
When you don’t have a great credit score, it can be a challenge to be approved for credit. Some unsecured loan direct lenders won’t be willing to work with you. Other lenders may ask for security to mitigate the risks that they see as being involved in lending to you. However, there is a higher risk for you than with unsecured loans. Sometimes, opting for a secured loan may allow you to receive lower interest rates, but that isn’t always the case. At Fast Loan UK, we operate online only, which keeps our overheads low and allows us to offer the best unsecured loans to our customers.
Secured loans involve you offering an asset, such as your car or home, which you will usually be able to borrow up to half the value of. The lender would be able to repossess the asset if you are unable to keep up with the repayments of your loan. It would usually be sold at auction for less than the market value so the lender can recover their costs as quickly as possible. If the sale doesn’t cover your outstanding balance, you could still be liable to repay the rest, plus costs.
It’s important to know that secured loans are not your only choice when you have a poor credit score. At Fast Loan UK, we offer unsecured loans regardless of your credit rating. Instead of looking to protect ourselves by asking for collateral, we simply prefer to ensure that you can afford your unsecured personal loan. We find this makes for the best unsecured loans for our customers too, as we never approve unsecured personal loans that could lead to further financial difficulties.
We offer unsecured loans in the UK because our aim is to help people with short-term cash flow issues. Repossessions don’t fit in with our values. However, as with all types of credit, if you don’t keep up with the repayments on unsecured personal loans, there could be negative consequences for your credit score. We understand that circumstances change, and if you are worried that you might not make a particular repayment on your unsecured personal loan, contact your Customer Care manager. We will try to help you come up with an alternative arrangement, such as splitting the amount over your remaining instalments.
Our Best Unsecured Loans for Bad Credit
Fast Loan UK is an unsecured loan direct lender. This means you don’t have to pay any broker fees – in fact, we don’t charge any fees for taking out an unsecured personal loan with us. When it comes to assessing applications for unsecured loans in the UK, we keep things simple. Whether you have a low credit score or even some ‘negative’ factors on your credit report, such as a County Court Judgement or a history of defaults, you’re welcome to apply. We look beyond your financial past, and make our decisions based on your current finances.
It’s simple. We’ll look at your last few months’ worth of bank statements to see your regular income and any outgoing payments, such as rent or mortgage payments, direct debits, loan and credit card repayments and so on. If there’s enough left for you to sustainably afford the repayments on your unsecured loan (with money left over for your usual expenses) we’ll usually be happy to approve your application. Unfortunately, we aren’t able to provide loans to people who are bankrupt, or have a Debt Relief Order, or an Individual Voluntary Arrangement.
We also keep the eligibility for our unsecured loans with no guarantor simple. You’re welcome to apply if you:
• Are at least 18 years of age
• Are a resident of the UK
• Have a bank account and valid debit card
• Receive a regular income from employment
Apply for Unsecured Loans with No Guarantor Today
At Fast Loan UK, we don’t like making things more complicated than they need to be. To us, it makes the most sense to offer unsecured loans with no guarantor and no collateral. If you can afford the loan you’ve applied for and aren’t in long-term financial difficulty, we’ll be happy to help.
All you need to do is fill out our quick and easy application form. You’ll need to let us know how much you need to cover your emergency expense, then work out the best unsecured loan repayment term for your budget. You can spread the cost over more instalments up to 8 months, which makes each repayment more manageable. However, this will increase the total cost of your loan, as interest builds up over time. We did say we’re transparent, didn’t we?
When you’re faced with an emergency bill that you need to pay urgently, we don’t want to delay things further by having to value your house or car. If you don’t have the best credit score, we think the best approach is to offer unsecured personal loans that you can afford to repay, not to take away your assets if you don’t. If you have any questions about taking our unsecured loans with no guarantor, or need more information before deciding if we offer the best unsecured loans for you, contact Fast Loan UK. And we also offer secure loans as well.
It’s quick and easy to apply for our unsecured loans in the UK online today.