Get Guarantor Car Loans with No Deposit or Credit Check
If you’re fed up with being turned down by traditional banks and credit card companies, you’ve tried applying for a loan with a peer-to-peer lender. But these services are often expensive and only available to those with high credit scores. Fortunately, there’s an alternative, and it doesn’t require you to buy a car. Guarantor loans are secured auto loans that don’t require you to have a perfect credit history or even a car. These car loans are available for people who don’t have good credit but have assets that the lender can use as collateral. And best of all, there’s no credit check required.
Before you get too excited, there are a few things to know about guarantor loans. You must show that you have enough liquid assets to make your loan payments. And you cannot be served with any legal process while you’re still carrying this debt. But if you have enough property and cash, it will be easy for your lender to use these assets as security. And if you miss a payment or file for bankruptcy, your lender can repossess the vehicle to satisfy the debt.
It will cost a bit more than an unsecured car loan, but taking out a guarantor car loan can help those with poor credit end up owning their dream car in the long run. Plus, there’s no other way to get such a favorable deal on such an expensive automobile without making a down payment of at least 20% of its value on top of your regular monthly payments.
So what are you waiting for? If you want guaranteed approval for auto loans that don’t require credit checks or high-interest rates from traditional lenders, call our friendly staff at Guarantor Loans Today and let us guide you through our secure application process!