Guarantor
A guarantor is best desscribed as a supporter of your loan application. They are endorsing your application because they feel absolutely certain that you will repay whatever loan you get.
A guarantor can be a friend, a family member, a colleague or even a neighbour…as long as they have a fairly decent credit history and they are working then it should not be a problem.
The final thing to remember about a guarantor loan is that the guarantor is totally responsible for the loan so if the borrower defaults on the loan, then that loan will become the responsibility of the guarantor, so if you are thinking of this, make sure you are fully aware of the consequences.
To apply for a loan today just complete our simple 2 minute application form here.
