Online loans broker Interfinancial Limited have launched a new website specifically aimed at those people looking for short term loan options that may be worried about their credit history.

Whitstable, Kent -- (ReleaseWire) -- 06/07/2011 -- No Credit Check Loans Arranged is a new site that aims to help those looking for a loan that know that they have an adverse credit record having had credit problems in the past . This is not all that easy to achieve these days, as most short term lenders now perform credit checks on all of the loan applications that they receive. However, there are still a few lenders offering short term loans that do not perform a credit check. No Credit Check Loans Arranged will try to find a loan for people that do have a suspect credit history.

However, people need to be aware that although short term lenders may perform a credit check on the applicant, it is not always the past credit history that affects the lenders decision. It is more to do with the amount of credit that the applicant currently has, along with the income level and ability

For those seeking credit that definitely do not want a credit check performed, a facility known as 'logbook loans' could be the answer. If you own a vehicle outright, ie with no finance attached to it, you can obtain a loan secured against the car. Because the loan is secured, the lender is not concern with the applicants previous credit history.

Find out more at No Credit Check Loans Arranged and keep up to date with the latest happenings on their blog.

For more information on this press release visit: http://www.releasewire.com/press-releases/new-site-launches-offering-no-credit-check-loans-95717.htm

A new website has been officially launched this week offering Guarantor Loans to people that require credit but have a credit history that prevents them from obtaining credit through the normal channels.

Whitstable, Kent -- (SBWIRE) --06/07/2011 -- Guarantor Loans Arranged is a broker website promoted by online loans broker Interfinancial Limited. With the serious deterioration of the loans and credit industry, getting a loan has been nigh on impossible for anyone with less than a perfect credit rating to get credit. In fact, it is pretty tough for anyone, even with a perfect credit rating, to obtain finance. For those with a really bad credit rating, getting credit is effectively a no no.

However, with the advent of Guarantor loans, this has all changed. Anyone can now borrow up to £5,000 provide they can produce a guarantor to back the loan up. The guarantor is the one that the lender basis the lending decisions upon, so the guarantor needs to have a clean credit history, be employed and also be a homeowner. As for the credit status of the borrower, well that is pretty much irrelevant. He or she could be unemployed and still be granted a loan.

The purpose of the guarantor is to honour the loan should the borrower fail to maintain the repayments. For this reason, the guarantor needs to be a close friend or family member as there needs to be a large element of trust and understanding between the borrower and the guarantor.

Guarantor loans offer a useful product for people that really want to help friends, children or relatives out of a financial situation but are not in a position to lend the money themselves. It also offers hope to those that need to borrow some money but are hampered by their previous history.

By taking out a guarantor loan and repaying the loan in full and in a timely manner, the record of being able to manage a loan properly will help boost a sorry looking credit rating and help towards any future borrowings.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-95716.htm