Posted by | Category Useful Information | Date 28 April 2016

Can I stop being someone’s guarantor?

Unfortunately, if you have signed the loan agreement and the loan has been successfully paid out, you cannot stop being someone's guarantor. So the answer is simply, 'no.' We appreciate that guarantor loans can last for up to 5 years (60 months) and half way through you might decide that you don't want to be involved any more or perhaps you are no longer on good terms with the person you

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Posted by | Category Blog | Date 24 April 2016

How do search footprints affect my credit rating?

What is a search footprint? When applying for a loan or credit card application and the lender runs a credit check on your account, they will leave a mark on your credit file as a record that they have checked your file and this is known as a 'search footprint.' This is a way of hypothetically saying that the lender has stepped inside your credit file and looked at your payment history

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Posted by | Category Blog | Date 11 April 2016

How does Continuous Payment Authority work?

Continuous Payment Authority is a collection method used by several banks and lenders in the UK as a way of automatically collecting funds from a customer's debit account on their repayment date. CPA or 'recurring payments', as it is also known, is used by most of the guarantor lenders that we feature. When a customer applies, their debit card will be 'tokenised' and this typically involves the lending taking 10p out

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Posted by | Category Blog | Date 04 April 2016

Cloned Firms and How To Look Out For Them

A cloned firm is a fraudulent company or individual that takes the name of a legitimate company or claims to be authorised by the Financial Conduct Authority in order to promote investment opportunities, shares, property or steal money. In the world of payday and guarantor lending, you may be approached by a company by a cold call or by email who could try to sell you a loan or claim

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