Having a bad credit history is a great problem that is always a bad mark with your credibility as a borrower. It becomes even worse when you need an amount very badly and banks do not trust you to provide with a loan. In such situations when an individual has no option is left but to avail a loan somehow, Credit Poor provides a solution for this, which is also very easy to avail.
Guarantor loan is very similar to personal loan but it is different regarding terms and conditions. In fact this is a customized form of loan which is specially made for those who have poor credit scoring. This loan is based upon a guarantee system where someone who knows you can take responsibility of your credibility as a guarantor. This is just to make sure that if the borrower fails to pay his loan, the guarantor will take responsibility for repayment. This surety is attained through a signed agreement stating the consent of the guarantor to take responsibility. The other lending services especially the banks do not provide loans only on a personal guarantee. Credit poor facilitates those borrowers who are suffering from this issue.
At Credit poor those clients can seek help who are continuously facing declination of application from different major loaning entities. The reason is that the chance of approval of loan gets very low as the credit scoring gets lowered, thus credit poor is an easy option to avail the required service. Credit poor although checks the credit history but does not consider that as a major factor to accept or reject an application. This makes credit poor a hope for those who are being rejected from other lenders, but at the same place, they do investigate the ability of the borrower to repay the loan, which means that the borrower must show that he will be able to pay all the installments on time.
Availing the guarantor loan at credit poor is not difficult; there are only some easy prerequisites after which the loan is approved on the same day when the process is initiated. The processing pace by www.creditpoor.co.uk is extremely remarkable. Credit poor completes entire approval procedures at a very rapid speed which is why there is a good No. of clients daily, who enjoy services of the company. The reason behind this efficient pace is that credit poor directly deals with the entire matter; not as a broker only. Minimum amount of loan is £250 which is handed over at the same day. The duration for this loan may be as long as seven years or as short as only one year.
Credit Poor is highly popular in UK especially for availing a service of guarantor loan. Anyone with the help of a known third party, a family member or a friend can avail this loan in the event of some sort of emergency. You are free for utilization of this amount either for medical needs, or something else, you are free to use it the way you want.