Frequently Asked Questions

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  4. Is there any benefit to me by being a loan backer?

Is there any benefit to me by being a loan backer?

The benefit to you is that you are helping a friend or family member access credit when they otherwise may be unable 😺

The guarantor loan is typically the most affordable type of loan for people with poor credit

  • Representative APRs typically ranging from 29% to 55%.
  • Compare that to other bad credit loans with APRs ranging from 135% to over 1,000%.

So, by becoming a loan backer you are helping someone potentially save a great deal of money.

 


For everything, you could ever need to know about

Being a guarantor on a loan for someone

See our dedicated page