What Is A Guarantor Loan

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Posted on September 23, 2018 at 14:55 PM

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Unsecured guarantor loan - Wikipedia
A guarantor loan is a type of unsecured loan that requires a guarantor to co-sign the credit agreement. A guarantor is a person who agrees to repay the borrower’s debt should the borrower default on agreed repayments.
What is a Guarantor Loan? | Low Rate Loans From UK Credit
A guarantor loan is a personal loan for people who need a little financial help but are unable to get what they need from high-street banks. Guarantor loans are far cheaper than payday loans and are often the cheapest alternative for people with low credit scores.
Being a Guarantor
Being a guarantor is risky, so if you’ve been asked to be one make sure you know what the implications are. The most important thing to remember is that if the borrower gets behind in their payments the lender has the right to chase you up for the money rather than the borrower (the person whose loan you guaranteed).

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