Frequently Asked Questions

Some of the most common ones our customers have asked

It is right to have a few questions before taking out a loan:

1

Will the Corona Virus affect getting a loan?

Coronavirus is reducing peoples chances of getting a loan 😟

  • We’ve been working night and day to find options for you:
  • Find out More
2

What is a guarantor loan?

A loan that required the backing of a guarantor.

This makes affordable loans available to people with a poor credit score.

3

How to find a guarantor for a loan?

Persuading someone to be your guarantor is more than just asking!

We look at the 4 simple steps you need to take to successfully find a suitable guarantor

4

How to get out of being a loan guarantor?

Typically, getting out of being a guarantor is not easy!

So you need to think very carefully before agreeing to be a guarantor in the first place.

However, there are limited circumstances where they may agree to remove you from your responsibilities

5

Who can be a guarantor for a loan?

You need to be between 18 and 75 and a UK resident.

6

What do you need to be a guarantor?

A regular income so the loan is affordable, plus a clean credit history.

7

What's the guarantor loan criteria?

It is useful to know the typical criteria that are required by all lenders.

If you do not meet some of these, it will become clear that you will not qualify, thereby saving yourself a great deal of time.

8

What does representative APR mean?

Understanding Representative APRs is very important before you get any form of credit.

We cover what these terms both mean, and what the figures are for all our lenders.

9

Rather watch than read? See FAQ videos

See videos on "What is a guarantor loan" and more.

A few more questions

1

Are there guaranteed loans?

👍 You can get a loan that is guaranteed by a guarantor.

👎 You cannot get a loan that has guaranteed approval.

2

How to get a £10,000 guarantor loan?

Getting a £10,000 to £15,000 loan with a bad credit rating is now possible.

Even if you have a poor credit history, these loans may well still be available to you

3

What is there to know about tenant guarantor loans?

Today there are many types of loans available for people who have guarantors.

From a tenant perspective, we cover the things you need to do to get the best deal.

4

What tenant loan options are there with bad credit?

Being a tenant with a bad credit score used to mean limited options.

Thankfully things have moved on and far more choices are now available today than ever before.

5

Are online guarantor loans safe?

Online safety is a real issue today, so is getting a loan online really OK?

Applying for a loan online is safer than it has been, however, it's important to ensure no unnecessary risks are taken.

6

What are the payday loan alternatives?

If you need a loan for over four weeks payday loans can become very expensive.

A guarantor loan could be a more cost-effective alternative.

7

What are the bankruptcy alternatives?

Bankruptcy should always be viewed as a last alternative.

With other less extreme options often available, it's important to ensure that you have all the relevant information before making a decision.