What happens if your guarantor refuses to pay?
The nature of a guarantor loan dictates that if the borrower becomes unable to repay their loan, the responsibility falls on the guarantor to pay the full amount, plus interest. Both the borrower and the guarantor will sign an agreement with the lender, which states that the guarantor must pay on behalf of the actual borrower should they fail to do so. However, what happens if the guarantor cannot or
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What is a debt relief order?
A debt relief order, also referred to as a DRO, is one way that you can manage your debts if you do not own your home, do not have a lot of spare income and your debts amount to £20,000 or less. It must be noted that some debts of debt do not count towards this limit, so you will have to do some research into with you are eligible
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PayActiv: payday loan alternative for employees?
In the United States, despite its strong economy, many minimum works live paycheque to paycheque. In fact, a recent study revealed that around 40% of workers do not have $400 dollars available to pay for an emergency expense, such as a medical bill or a car repair. It is not uncommon for the working-class population of the US to turn to payday loans to cover costs as and when. Due
Read MoreStatistics about loans in the UK
Quick Stats 58,000 financial services companies are authorised by the FCA 53,000 guarantor loans taken out in 2013 (could be double by 2018) 760,000 payday loan borrowers last year 1 million students loans in the UK per year (equal to £14 billion) £1.4 billion worth of mortgages approved in the UK in Q1 of 2018 £37 billion worth of personal loans in 2016-2017 3 million people use 'high cost
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What is home insurance and why is it important?
Guarantor Loans Comparison looks into what exactly home insurance is and how it works, what it covers and how to make sure you get the right level of protection. According to statistics, more than one fifth of British homeowners do not have home insurance in place. A whopping five million households do not have home insurance, then. If this is the case, then surely it cannot be that important. Wrong!
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