Guarantor loans have become very popular in recent years and this comes as no surprise due to the flexibilty of these type of loans. A guarantor loan enables those will a low credit score to get a loan from £1000 – £8000 repayable over 12 – 60 months.
How we work
We use guarantor loan comparison website Lending Expert to compare and research the guarantor loans and lenders within market carefully to ensure we have searched all the suitable guarantor lenders and you can be confident you are getting the best type of loan that meets your needs. Your loan guarantor can be either homeowners or tenant (private or council tenant) and the actual amount you can borrow will depend on the lender you choose and the credit profile of both yourself and your choosen guarantor.
We act as brokers by searching the market and speaking with guarantor lenders direct upon your behalf. Our aim is to listen carefully to your loan requirements and then speaking with the lenders to get you the best a cheapest loan available.
We will find out:
- How much you wish to borrow
- Over what term do you wish to pay it?
- What is your credit rating like?
- How much can you afford to borrow?
- What are your expenses and income
- Are you in full time employment and what is your salary
We can also offer free advice and help in deciding which lenders and providers would be the best for you. We listen to what you need and may also carry out a credit check to see how your credit profile is and how this may impact your chances of getting the loan you need. We may do this initally so that we can approach the most suitable lenders who would be willing to borrow to you based upon your credit history, score and profile.
Our panel of lenders consists of all the major guarantor loan providers including Amigo loans, Glo, UKcredit and Trust Two loans.
We dont take an upfront fee as part of our service, and we only make a small commission from the guarantor lender when we successfully find you a loan. The service to you is completely free to use. If you are in any doubt then please give us a try – you have nothing to lose by using our broker service and everything to gain.