Often, guarantor loans are used by people who have a bad credit score. With Cashfloat, however, you can apply for a no guarantor loan even if you’ve got a bad credit score. There’s no extra paperwork, no harassing someone to be your guarantor, and you can get funded online on the same day.
As a responsible lender, Cashfloat do perform credit checks on every loan applicant. However, we only use your credit score as one part of the loan decision making process. If your income and other financial information indicate that you’ll be able to afford the loan repayments, then there’s a good chance we’ll give you a loan. You should note, however, that loans without a guarantor are usually more expensive than guarantor loans. It’s important to consider the extra expense before taking one out.