Companies like Juo Loans for bad credit and guarantor loans

The now-defunct Juo Loans was a specialist lender, providing fixed-rate personal loans to borrowers with poor credit. It was launched in 2017, but survived just two years before entering administration.

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NameRepresentative APRLoan amounts
TFS Loans Guarantor Loan TFS Loans Guarantor Loan 39.9% £1,000.00 to £15,000.00 Go to site
UK Credit Limited Homeowner Guarantor Loan UK Credit Limited Homeowner Guarantor Loan 29.9% £2,000.00 to £15,000.00 Go to site
Trusttwo Trusttwo (Homeowner Guarantor) Personal Loan Trusttwo Trusttwo (Homeowner Guarantor) Personal Loan 49.5% £500.00 to £10,000.00 Check eligibility
Bamboo Guarantor Loan Bamboo Guarantor Loan 49.7% £1,000.00 to £8,000.00 Check eligibility
UK Credit Limited Tenant Guarantor Loan UK Credit Limited Tenant Guarantor Loan 39.9% £2,000.00 to £6,000.00 Go to site
Amigo Guarantor Personal Loan Amigo Guarantor Personal Loan 49.9% £500.00 to £10,000.00 Check eligibility
Trusttwo Trusttwo (Tenant Guarantor) Personal Loan Trusttwo Trusttwo (Tenant Guarantor) Personal Loan 49.7% £500.00 to £10,000.00 Check eligibility
1plus1 Loans Guarantor Loan 1plus1 Loans Guarantor Loan 47.8% £1,000.00 to £10,000.00 Check eligibility
NameRepresentative APRLoan amounts
Everyday Loans Personal Loan (fair credit) Everyday Loans Personal Loan (fair credit) 34.4% £1,000.00 to £15,000.00 Check eligibility
Bamboo Personal Loan Bamboo Personal Loan 49.7% £1,000.00 to £5,000.00 Check eligibility
Progressive Money Personal Loan for Homeowners Progressive Money Personal Loan for Homeowners 56.86% £1,000 to £15,000 Go to site
Likely Loans Personal Loan Likely Loans Personal Loan 59.9% £500.00 to £5,000.00 Check eligibility
Everyday Loans Personal Loan (poor credit) Everyday Loans Personal Loan (poor credit) 58.4% £1,000.00 to £10,000.00 Check eligibility
Savvy Personal Loan Savvy Personal Loan 319.5% £300 to £3,000 Go to site

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Borrowers with a less-than-perfect credit history can sometimes feel let down by mainstream lenders, whose tight eligibility criteria rule out many people. Juo Loans was created to focus on serving this section of the market, seeking to understand an individual’s past credit problems and their current situation when considering a loan application.

The company collapsed after WageDayAdvance, the company’s payday arm, buckled under the volume of complaints and compensation claims.

As well as offering straightforward unsecured personal loans, Juo Loans offered “guarantor” loans – which are guaranteed by a relative or friend of the borrower. The guarantor promises to step in and pay off the loan in the event that the borrower is unable to do so.

Specialist lenders like Juo Loans have become more commonplace in recent years – above you’ll find some others with a summary of the services they provide.

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