Obtaining a credit that is bad without any guarantor means you’ll be borrowing cash according to your personal credit history and providing history, in place of depending on another person to be always a guarantor. This may indicate:
- You might have an increased rate of interest making it more costly to settle
- You may need to use your property as security if you’d like to borrow much much much more
- You will be almost certainly going to be refused by major loan providers