Ka Leasteshi

If you have a really bad credit history and need to arrange a loan for one reason or another, you probably feel that you have very little chance of achieving this. However there is now the option of two different types of no credit check loans, which means that you probably can get access to the money you thought was out of reach. The first of these two loan types is guarantor loans, with this type of loan you do not even have to be employed to take one out. All that you need to be more or less guaranteed a loan is a suitable guarantor, who is a homeowner with a good credit record and is fetching in over £800 per month by whatever means. They are available for amounts from £500 up to £5,000 and can be repaid for terms of up to 5 years. The second type of loan that requires no credit check in order to complete is a log book loan. Logbook loans are loans that are secured against you car logbook. Basically you take your car along to the lender, and so long as you have no outstanding finance on it and are the registered owner of the vehicle, they will value it and tell you how much they are prepared to offer. If you are happy to go ahead you sign the paperwork and leave your logbook with them until the loan is repaid.