Whitestar Loans Announce The Launch Of Their New Multi-Lender Application Process

WIRRAL, U.K. - Nov. 10, 2014 - PRLog -- Guarantor loan company Whitestar Loans have announced the launch of their innovative new application process which will enable consumers to make multiple applications to multiple lenders whilst ensuring that only one credit search will show up on their credit file.

This will allow borrowers who are suffering from bad credit to make a number of loan applications to see which lender is prepared to lend to them, without the negative effect of seeing multiple credit searches appearing on their credit record, as a large number of searches is something which lenders frown upon and is another reason for a lender to decline somebody for a loan.

Whitestar state that there are no upfront fees for using their service so if a borrower does not get approved for any reason, they will not have lost a single penny.

Paula Harrison, Managing Director of Whitestar Loans, said: "We have been in the guarantor loan sector since 2008 so we have seen many positive changes over the years. The problem of being turned down for a loan and then having to go to another lender for yet another credit score is one that we have been determined to find a solution to and with this brand new service, we have".

Harrison also commented: "With no upfront fees, just one credit search for 5 lenders and the fact that we never sell our clients personal details, we feel we have found the perfect solution for those people with bad credit who want to apply for a loan. All we ask is that customers visit http://www.whitestarloans.co.uk/apply-for-a-guarantor-loan to find out for themselves".