Cheap Guarantor Loans – are you in need of some extra cash? Is your credit score looking less than perfect?
Have you been turned down before for a loan?
Do you have someone that is willing to help you out and become a guarantor for a loan? Do you want a good deal on a loan?
If most of those statements sound right for your circumstance then click on the banners on this page to be taken to cheap guarantor loans.
What are cheap guarantor loans?
Guarantor loans are the same as a personal loan.
The only difference is that when applying the lender will ask for a person that will agree to be a guarantor on the loan that is being applied for.
Who can agree to be a guarantor?
Anyone really; anyone willing to have your back if it all goes wrong.
This could be a relative or a close friend and does not have to be a home owner.
The guarantor should be aware that if you default then the lender will go to them to pay the rest of the debt off.
Lenders prefer that those that agree to be a guarantor have a good credit rating themselves.
What can you use cheap guarantor loans for?
Just like a personal loan, you can use the loan for whatever you feel necessary.
Unlike that of a car loan or home improvement loan that is specific, a guarantor loan can be used for whatever you feel fit.
I have bad credit can I apply for cheap guarantor loans?
When applying for finance lenders look at an individual’s credit score to decide on whether they will accept or decline your application.
If you have checked your credit rating or have a history of late payments or County Court Judgments (CCJs) etc. it is likely you will be declined for a standard loan.
A guarantor loan, however, would be your best option for being accepted as the lender has a go to if you default and so they have extra security in retrieving the money.
What are the benefits of applying for cheap guarantor loans?
The good thing about applying for a guarantor loan is that you have a higher chance of getting accepted than any other method.
It is also a good way to improve your credit rating by staying below your credit limit and ensure you pay the agreed amount on time.
Click on the links on this page to be taken to lenders that can offer you competitive deals on guarantor loans, even for those with poor credit scores.
See also guarantor lenders like amigo.