Guarantor Loans

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Guarantor loans are straight forward. In fact these loans have been around for a long time.

Often banks will ask you for a personal guarantee for certain types of lending.

You need someone who will guarantee the loan if you don’t pay. Typically a parent or family member. Before you apply make sure you have a clear verbal agreement with the guarantor. Discuss how you will both feel I you cannot make the repayments. Also be realistic.

The advantage to these kinds of loans I that they are typically cheaper.

H ranking listings on google are:

Amego Loans   https://www.amigoloans.co.uk/loans/borrower/apply

Guarantor  (part of Avano Ltd)  http://guarantor.co.uk/

Compare 10 companies at Money  http://www.money.co.uk/loans/guarantor-loans.htm

 

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