No guarantor loans: Rule out the security rather than rejecting the applications

I was not a firm believer of this credit arrangement until my ex girl friend Kim Jane had told me that she had borrowed the money under it. Jane wanted to go on a tour with her friends but her planning was about to get cancelled as she did not have an enough amount for the tour. Her younger brother is in boarding school and she gives the fee of his study and accommodation. That could halt her plans if she did not have go by the credit deal of no guarantor loans. That was a great move by her as her urgency of money was solved quickly. The fast approval procedure and its minimum formalities had done the trick for her and after a day from her online submission her cheque was credited in her bank account. She got the money on a slightly heavier rate of interest as it was an arrangement without any collateral. She was extremely happy to the way it had been managed.