Frequently Asked Questions
Guarantor Loans
Been asked to be a guarantor but unsure?
When someone asks you to do this, especially if you are close, then there may be pressure to say yes? Read More
Can you be a guarantor for more than one person?
Typically, no. As they're required to make the loan repayments if the borrower stopped paying... Read More
Is the loan secured against a guarantor’s home?
No. These loans are unsecured.... Read More
Can I find a guarantor for a loan online?
Not a good idea. At the time of writing, all lenders also ask the relationship between the guarantor and borrower. Read More
What happens when I’ve completed my guarantor loan application?
Once you have applied with your chosen lender and finished your part of the application, the lender may be awaiting your guarantor to complete theirs. Read More
Why do lenders pay the loan into the guarantor’s bank account?
Most lenders pay the money into the guarantor's bank account to protect them from fraud. Read More
Does the loan appear on a guarantors credit file?
Loans do not appear on the guarantor’s credit file. Read More
What are the interest rates on guarantor loans?
Typically, the best value personal loans for poor credit history: 29% - 54.9%. Read More
What’s the typical guarantor criteria?
This does vary from lender to lender, but typically this.. Read More
Can someone who is self-employed be a guarantor on a loan?
YES. Guarantors can be self-employed as long as they.. Read More
Does a guarantor need to be employed?
NO. Guarantors do not need to be in full-time employment, so long as they... Read More
Can a guarantor be retired?
YES. Guarantors can be retired as long as they... Read More
Can a guarantor live at the same address as the borrower?
YES. You can live with your guarantor so long as you do not have shared finances. Read More
Does a guarantor need to speak English?
YES. It's a requirement in the UK that all those entering into a loan agreement clearly understand. Read More
Can a guarantor be from outside the UK?
NO. Our lenders only accept guarantors that live permanently in the UK (England, Scotland, Wales, or Northern Ireland). Read More
