Who can be a guarantor on a loan?

A poor or limited credit history could affect your ability to obtain a personal loan. However, if you can find a friend or family member to act as your guarantor, you may still be able to borrow money. These have a specific name – so we thought it good to examine who can be a […]

Different Versions Of Loans

They say there are a few things in life we can count on, death and taxes. If you are in the banking or the financial industry, you can also count on loans and lending. Loans and lending money out, and also people paying money in, are the foundations of banking. But there are many different […]

How Do Guarantor Loans Work?

The process of applying for and receiving a guarantor loan is just like many other loans, however, they require a guarantor, someone to guarantee the loan. Guarantor loans are for people with weak, poor, or no credit. But, how do guarantor loans work? Let’s take a look. The Process The loan process is similar as […]

Different Types Of Loans

In a crowded market, it is easy to be confused by the finance products seemingly available to you. We thought it may be helpful to explain what a lot of these products are. We take a look at different types of loans. Identical Loans With Different Names The fact is that many loans are essentially […]

Should I Be A Guarantor?

Guarantor loans are a quite common financial product in the UK, as they provide finance for those that might struggle to get it elsewhere. However, the role comes with risks, and it is not a suitable product for everyone, because of the strain it can put on relationships. We took a look at a common […]

How do I choose a guarantor?

When you are looking to secure a loan whether it’s a personal loan, short or long term, whatever it is for, you will sometimes need to have a guarantor to back your application. A guarantor is a person who knows you and will sign for you. This allows you to be approved for the loan. […]

A Look At Guarantor Loans

What is a guarantor loan? A guarantor loan is an unsecured loan ranging from £500 to £7,500 with a repayment period anything up to five years. The loan differs from other as it relies on someone close to the borrower. This could be a partner, friend or relative, “guaranteeing” the loan. If you cannot pay […]

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