GUARANTOR LOANS

Guarantor Loans – an Easy Way to Borrow up to £3,000

Guarantor loans provide a very simple borrowing process. By allowing the borrower to nominate a person to be their guarantor, this loan does not require an excellent credit record or spotless financial history.

Regardless of a low credit rating, CCJs, defaults, arrear or being ex-bankrupt you are likely to be accepted for a guarantor loan. There are many providers on the market today so you can compare and weigh up which one offers the most suitable deal.

Friend or Neighbour– Anyone can be Guarantor

That's right: you can ask anyone to be your guarantor. Be it a family member, friend, colleague or neighbour you can find someone who will step in as your safety net!

They will need to be prepared to take on the risk that if you fall into problems with repaying. If this does occur, the guarantor becomes fully responsible for the loan and repayments – and their credit rating is on the line. Make sure that you and they fully understand the product! Generally a guarantor must be at least 21 years of age.

Credit for Whatever Reason

Whatever your reason for needing extra cash – be it a holiday, home improvements, a wedding or party – a guarantor loan can be a useful way to get the cash when you need it most. Guarantor loan companies generally offer a fast online application process meaning the money is with you more quickly!

Most companies offer a straightforward method of repayment such as Direct Debit – this means you don't have to keeping reminding yourself to make the regular repayment.