How to get a loan with bad
credit and no guarantor?

Unfortunately here at Buddy Loans, we only do guarantor loans, however we do understand that there are people who may have bad credit, or no credit, and may not be able to secure a guarantor for their loan.

As to how someone with bad credit and no guarantor can get a loan, is going to depend on what type of loan they require?

If the borrower needs a quick loan or an instant loan, they may wish to seek out a payday loan.

Payday loans are based on affordability, and that you have a job, and a bank account. These types of loans are not based on credit history or credit score.

If someone requires a bad credit loan and has no guarantor, and only needs a small loan for a short period of time, these loans can help.

The issues are that they are a small loan, and only for a short period, until the person is next paid. The loan is to be paid back on their next payday. In addition the interest rates can be very high.

If a person with bad credit is seeking out a car loan, and does not have a guarantor, they can look at trying to increase the deposit they may have for the car they wish to purchase to better their chances of being approved for the car financing.

There also are log book loans for someone who owns a car, has bad credit and requires a loan.

These loans are based on the value of the car the borrower owns, and the loan is secured against the car. One issue with this form of loan is that if the borrower does not pay the agreed payments, they could lose their car.

This is why having a guarantor for a loan is more attractive to borrowers with poor credit. They can be approved for the loan they need, without putting down a deposit, or having the loan secured against their car.

Benefits of a Buddy Loan

  • Easy online application
  • Quick approval
  • Money in your account within 24 hours (in most instances)
  • No deposit required
  • No upfront fees
  • Loan can be for any purpose, to buy a car, consolidate bills, repairs, home improvements
  • Competitive interest rate
  • Loan can be paid back over 60 months (5 years)

Apply today and have your loan tomorrow!


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from 0 to 10

Representative Example


36 months

£158.57 p/m

Total Repayable

Interest Rate
41.16% (fixed)

Representative 49.9% APR.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.