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Step 1
Determine if this is the right kind of loan for you. Guaranteed unsecured loans are probably the fastest option available, so they can be useful if speed is a necessity. Since they do not require collateral, the amount of the loan is going to have to remain rather small and the interest rate is going to be higher than other loans you might get. The term on them is also very short, so expect to have to repay it quickly.
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Step 2
Get a copy of your credit report. Even though just about anyone can get guaranteed unsecured loans, your credit history can still play an important role. Just like with any other kind of loan, a positive credit history is going to result in a lower interest rate. Take the time to note any black marks on your credit report and correct them as much as possible.
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Step 3
Compare the terms, conditions, and interest rates offered. There are going to be quite a few places to get these loans, both online and locally. Each will have different terms and interest rates. The best thing to do is to visit several of them and collect quotes, then compare them so you can go with the one with the lowest interest rate and best terms for you.
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Step 4
Complete the application. This is primarily going to consist of contact information and some basic financial information, but it could also include things like your employment history. You will probably also have to name one or two alternate contact people for the credit agency to follow up with if you are unable to repay the loan on time and they are unable to contact you about it.
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Step 5
Find someone to co-sign. Having a co-signer makes you a much more attractive customer because having another party sign on the loan with you dramatically reduces the odds of a defaulted payment. You may find that the range of guaranteed unsecured loans you qualify for expands when you have someone signing with you.












