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Guarantor Loans: An Overview
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Guarantor Loans: An Overview

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Guarantor loans are personal unsecured loans that suit borrowers with a bad credit history. Because the borrower provides a guarantor the lender does not need to credit score the borrower. Hence the …

Guarantor loans are personal unsecured loans that suit borrowers with a bad credit history. Because the borrower provides a guarantor the lender does not need to credit score the borrower. Hence the borrower’s credit status is irrelevant. More information is available at http://www.guarantor-loans.co.uk

Published in: Economy & Finance, Business

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  • 1. Guarantor Loans: An overview of this flexible, modern unsecured loan
  • 2.
    • What is a Guarantor Loan?
    • A Guarantor Loan is an unsecured personal loan.
    • A guarantor is required for the loan to help reduce the risk to the lender.
    • The borrower organises a guarantor as part of the application process.
    • You can borrow up to £7500.
  • 3.
    • Why Guarantor Loans could help
    • Struggling to get credit elsewhere?
    • Want an unsecured loan without being credit scored?
    • With a Guarantor Loan you could get an unsecured loan even if you have a bad credit history.
  • 4.
    • Guarantor Loans for Bad Credit
    • The recent credit crunch means that high street banks have shied away from people with bad credit histories.
    • Guarantor Loans have been designed to ensure that credit is available to those with credit problems.
    • And no credit scoring is done!
  • 5.
    • The Benefits of a Guarantor Loan
    • No credit scoring required
      • So a poor credit history is not a problem
    • Loans are unsecured; max value £7500
    • No upfront application fees
    • Repay early with no penalties (some lenders)
    • Rebuild your credit status by successfully repaying the loan
    • Tenants & homeowners can apply
  • 6.
    • What are the Criteria for a loan?
    • The general lending criteria are:
      • You must be aged 18 to 65 years old
      • You must be a UK resident (exc. Isle of Man)
      • Your income (inc. benefits) must be more than £100 per month
      • You must have a UK bank account
      • You cannot be bankrupt or on an IVA
  • 7.
    • What other Criteria are there?
    • You must provide a guarantor (see other videos on this subject)
    • Our lenders operate responsible lending policies.
      • They may decide not to lend if they do not believe you can afford the repayments.
  • 8.
    • What does the Guarantor do?
    • The guarantor takes responsibility for your loan if you fail to keep up repayments.
    • So, guarantors will only act for you if they feel they can trust you.
  • 9.
    • Who can be my Guarantor?
    • Generally you need to find someone who knows you well and who trusts you to repay the loan. You could consider:
      • Parents
      • Other Family members
      • Friends or work colleagues, etc
  • 10.
    • Who can be my Guarantor?
    • For £500 to £7500 loans:
      • UK homeowner
      • Aged 23 to 75 (at end of loan period)
      • Good to reasonable credit history
      • Have a UK bank account
      • Have an income of at least £800 per month
      • Not financially linked to the borrower
  • 11.
    • Who can be my Guarantor?
    • For £50 to £500 loans:
      • UK tenant or homeowner
      • Aged 18 or over
      • Good to reasonable credit history
      • Have a UK bank account
  • 12.
    • Applying for a Guarantor Loan
    • Our form is easy to understand and can be completed in less than 2 minutes.
    • You don’t have to specify a guarantor at the point of enquiring
      • You have plenty of time to find your perfect guarantor.
  • 13.
    • Applying for a Guarantor Loan
    • Immediately you’ve submitted your enquiry we’ll tell you which lenders have accepted it.
    • These lenders will email your documents to you within 2 minutes.
    • Some lenders will allow you to complete the full documents online.
  • 14.
    • Apply Now
    • Quick Enquiry
    • No Upfront Fees
    • No Credit Scoring
    • Up to £7500
    • As fast as 24 Hours
    • www.guarantor-loans.co.uk
  • 15.
    • Guarantor Loans Lenders
    • There are a growing number of specialist Guarantor Loans lenders in the UK.
    • We only work with the most reputable lenders so you can trust the lenders to have your interests at heart.
    • They all have “responsible lending” policies to help protect you.
  • 16.
    • Why Apply to Solution Loans?
    • We’re the “one stop shop” for guarantor loans
    • Apply just once to approach only the very best guarantor lenders
      • You don’t need to use any other websites.
    • It’s Free - we don’t charge any upfront fees
  • 17.
    • What Next?
    • Further questions?
      • We have an extensive FAQ section on our website
      • You can also email us with specific questions
    • Apply for a Guarantor Loan
      • Go to www.guarantor-loans.co.uk and complete the straightforward form.

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