5 Ways To Ensure Grand Christmas Celebrations With Guaranteed Loans
Be it any occasion; one always looks for better opportunities to ensure a memorable one. Individuals with low credit scores, income, or no assets often find it troublesome to qualify for a loan. Every loan has different requirements.
Amid this, you need something that provides you with the flexibility of options. And when Christmas stands around the corner, there remains no room for regrets. If you are eying a solution that is unique to your needs, apply for guaranteed loans.
What do Guaranteed Loans imply?
Guaranteed loans are the products lenders provide to ease the borrower’s loan qualification. It focuses on aspects one may share, like- low income but good assets, low assets but good income, or low assets and income.
These are mainly for bad credit individuals seeking quick or long-term finance on other parameters like- income, asset, and Guarantor. Individuals qualifying for any of the criteria may get the loan sum accordingly.
The sum one gets on the current repayment structure and behavior and the amount requested. Accordingly, you may qualify for sums £1000-£50000 for unique purposes and urgency of the requirement. These differ from Christmas loans for bad credit in the UK in terms and flexibility.
They work just as they sound. Yes, you can get a guaranteed loan at the portal if your financial situation aligns with the eligibility parameters.
Can Unemployed people apply for guaranteed loans?
Unemployed individuals may qualify for a short-term loan at the portal if they have valid income proof. Yes, we consider income from benefits as a primary income source. We also consider your recent job letter and the joining date’s finalization.
Although to qualify for a slightly higher amount, you can reveal a second income source or a guarantor on loan.
Individuals may encounter an emergency or cut-throat situation that calls for instant cash. Unemployment must not impact freedom. And thus, we provide guaranteed short-term loans to jobless individuals. You may qualify for anywhere up to £3000 for critical requirements here. We never ask about the purpose behind it. But it must be sensitive enough to go for a competitive interest loan.
If you need an amount of £25000 and do not have a person to guarantee the loan (Guarantor), you can stake up an asset to get it. It would help you qualify immediately and fetch you friendly interest terms too.
Jobless and other individuals can benefit the same way if facing financial constraints.
Okay, but–
How could this help subside Christmas expenses blues?
A guaranteed loan agreement helps a person qualify for an amount he otherwise cannot. These loans are secured with either asset or a guarantor, so they share minimal risks to the lender.
Individuals resort to guaranteed loans to attend crucial Christmas purchases. Here is why:
1) Easy Accessibility
Anyone above 18 years can apply for these loans for any purpose. The lender here approves around 96% of applications. The reason is the flexibility and freedom it offers the borrower to choose the best per one’s affordability. Whether you are a student seeking urgent money for a Christmas party or someone seeking a new Christmas tree, you can get a loan. You do not have to suffer endless application rejections.
2) No credit score bondages
Individuals like a- students, tenants, landlords, and retirees may need help to upkeep their credit scores. However, it does not imply a sad Christmas. You can apply and get the sum today. Kick-start the Christmas Celebrations by ensuring the best gifts and delicacies on the table. Leave the rest to us. As a responsible lender, we never lend beyond what you can afford.
3) Chances to secure a higher amount
We grant ample opportunity to the borrower to try his best luck. You may fetch unbelievable interest rate discounts by providing a guarantor or collateral as per the rules and the amount requested.
Apart from this, you can quickly meet every wish on your Christmas day wishlist. Whether you expect an excellent get-together anytime, need funds for home renovation, or arrange a little throwback, you can always turn up to us.
Check Christmas loans for bad credit in the UK for particular Christmas-related purchases. These are specifically designed to meet the requirement. You can first check these out. If you believe guaranteed loans fit the choice better, you can go for that.
4) Limits the risk of loan default
It is a famous saying, “the more options you have, the safer you are.” Guaranteed loans ensure the same. It helps you bridge the financial loopholes with the most comfortable solution.
By choosing the apt way to secure finance, you not only make a profitable deal but limits defaulting risks too. Having a trusted person as a guarantor and collateral that equals the amount loaned almost eradicates any default air.
Call us if you still feel trapped in the debt cycle or encounter a sudden change in finances. We help identify the issue per your chosen route and provide the best solution possible, given the situation. This way, you can borrow and host the best Christmas party without worrying about pending arrears.
5) Capped interest rates
Unemployment or sudden considerable expense could be unfortunate. However, it must be okay with the Christmas vibe. Relax if you are hesitant about applying for a loan owing to mounting interest rates. You only pay what you ought to.
Identify the money requirement and the suitable way to cater to it through guaranteed loans. You may capture an affordable loan quote if you go for a guarantor and collateral. Alongside this, contact us for revised interest rates and terms if you encounter a jump in income. We aim to make the whole process a breeze.
Bottom line
If you have a severe need for finance and looking for something beyond your credit score, guaranteed loans may help. From channeling out the apt mode to loan to repayments, we help you make the best choice.
Jessica Rodz is the Senior Content Writer at Cashfacts. She has a long career in the field of content writing and editing. Jessica has the expertise in the UK lending marketplace where she has worked with 7 different lending organisations and acquired many responsibilities from preparing loan deals and writing blogs for their websites.
At Cashfacts, Jessica is managing a team of experienced loan experts and doing a major contribution in guiding the loan seekers via well-researched blogs. She has done graduation in Business (Finance) and now currently doing research papers on the UK financial sector.
