Posted by | Category Blog, useful information | Date 18 December 2018

Does a guarantor have any rights?

If you become a guarantor you might think that you are signing your life away - and you may be wondering if you have any rights. The answer is yes and no. For starters, being a guarantor means that you have an obligation to cover any payments that are not made by the main beneficiary. So if you have agreed to co-sign a loan agreement with a family member or

Read More
Posted by | Category useful information | Date 02 August 2018

What makes a good guarantor loan customer?

If you are considering getting a guarantor loan to help you in difficult financial circumstances (a common scenario if you are looking to gain access to credit, but are struggling to get access to one because of your own financial history in the past, as securing one through the help of a guarantor gives you a greater chance of being accepted), you may be wondering what criteria loan providers will

Read More
Posted by | Category useful information | Date 24 April 2017

What To Consider Before You Apply

The amount you can borrow from a guarantor loan can be life changing as you can use the money for a new home, wedding or vehicle. Since it can be quite a big decision and  involve you and your guarantor for several years, it is imperative to consider the points below before rushing and making an application 1.Do You Need It? Guarantor loans are helpful for those looking to

Read More
Posted by | Category useful information | Date 12 December 2016

Glossary

Our glossary explains all the key terms surrounding guarantor loan products including costs, fees, applications, payments and collections. For any further questions, please read our blog or feel free to email us. Affordability Check: During the approval process, the lender will review your affordability which checks whether or not you can 'afford' the loan. This includes checking your salary and expenses via payslips and bank statements and using this the lender

Read More
Posted by | Category useful information | Date 02 August 2016

What happens if your application is not successful

Not every person that applies for a guarantor loan will be successful. As we work with responsible lenders, they have an obligation to find the right product for the customer and not give them a loan that will cause financial difficulty. So despite your best intentions, your application might be turned down because: You have a history of bankruptcy, CCJ or IVA Your guarantor does not meet the criteria i.e credit score,

Read More