Guarantor FAQs
Here we will feature some of the most frequently asked questions that we receive.
1. What does it mean if I have been asked to stand as a Guarantor?
Basically it means that if you are standing as a guarantor, then you agree to take responsibility for all of the outstanding loan if the applicant fails to make their payments. Please be aware that guarantors are fully liable for the debt that they have agreed to vouch for.
2.Can I act as a guarantor for more than one loan, either with you or someone else?
No. If you are a guarantor with anytypeofloan,co.uk then you will need to ensure that you pay that loan off first before you proceed to guarantee others.
3.Can guarantors change their mind?
Of course! Until the loan has officially paid out, you are at liberty to change your mind at any stage up until then.
