Guarantor Loans

Tell me about Guarantor Loans

A Guarantor Loan is for people who’ve got a bad credit history but are able to provide a guarantor to guarantee the payments of the loan.

The guarantor just needs to be someone who can assure that they will pay your debts, should you find that you are unable to keep up with your agreed repayments. A guarantor can be anyone who knows you, as long as they’re happy to be your guarantor.

It could be a member of your family, such as a parent, or a close friend or colleague. There are, of course, certain conditions which the guarantor has to fulfil, depending on the individual lender.

Is a Guarantor Loan the right choice for me?

If you need to borrow some money and you have a bad credit history but you have a guarantor, then a Guarantor Loan is an ideal option, particularly if you have already been turned down for credit.

One advantage of a Guarantor Loan is that it will be in your (the borrower’s) own name, which will gradually help to rebuild your credit rating, as long as you keep up the repayments.

How can I apply for a Guarantor Loan?

Either let us find the right loan for you or select a lender of your choice below.