Posted by | Category Blog | Date 09 December 2015

How to set up your own loans company

To speak to a Consultant about starting a loan company, email: The loans industry in the UK has grown significantly over the last decade. A combination of UK banks having a stricter lending policy and the evolution of the Internet has seen the payday loans industry, guarantor loan and peer-to-peer lending industry soar to a value worth over a combined £4 billion. (Source: BBC, This is Money, The Independent) with

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Posted by | Category Useful Information | Date 30 November 2015

Understanding the costs of guarantor loans

As a comparison site and part of our commitment to responsible lending, it is important that we explain the costs of a guarantor loan and how to measure and understand them effectively. With a number of loan products available, it can be hard to know which one is the best and whether you are getting a good deal. So we look at the following factors which give a further insight

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Posted by | Category Blog | Date 21 November 2015

What is APR and Why is it used for Guarantor Loans?

APR stands for Annual Percentage Rate and is the standard measure of financial products all over the world. By all types of loans, mortgages and interests using APR, the idea is that it is easy to make comparisons between products and companies. As the 'Annual' percentage rate, it refers to what the loan would cost if you took it out for an entire year. Since guarantor loans may only last a few

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Posted by | Category Useful Information | Date 04 November 2015

Why its important to have a guarantor with a good credit score

One of the first checks carried out by guarantor lenders is to find the credit score of you and your guarantor. For lenders it is ideal for borrowers to have a guarantor with a good credit score or at least someone who is a homeowner because they would have to have demonstrated a good credit score in order to get a mortgage. A guarantor with a good credit score: is more

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Posted by | Category Blog | Date 14 August 2015

GLC is working with Guarantor My Loan

Guarantor Loan Comparison is thrilled to announce that we are now working with Guarantor My Loan. The Norwich-based lender offers guarantor loans from £1,000  to £5,000 which are repaid in monthly instalments over 5 years. What is special about Guarantor My Loan is that they offer cashback for the last month of your loan if you repay on time. This means that your final monthly repayment can be completely refunded,

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