Amigo

Amigo Loans are a guarantor lender offering loans from £500 - £7500 over 12 - 60 months and they offer loans to customers who've been turned down elsewhere or had trouble getting credit in the past. Amigo Loans customers will need a guarantor to back up their application normally a friend or family member. An Amigo Loans guarantor will need to be between the age of 18 and 75, and who has a good credit history. They will need to have enough money to make repayments on the loan if for some reason you can’t pay.

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Their representative APR is 49.9% variable and there are no setup fees, late payment charges or credit scoring when you make an application. Once you have been accepted, most loans are paid out within 48 hours and transferred into your guarantor's account. You will also have 24/7 access to your account online, giving you control of your loan. Repayments can be made via Direct Debit, and by card online, over the phone or in cash at any PayPoint location.

Amigo Loans offer their product to those who are full or part-time employed, those who are self-employed, graduate students, home makers and the unemployed. As with any loan, Amigo Loans are subject to affordability assessments and your ability to make your repayments.