Guarantor Loans

Compare Guarantor loans in the table below:
Guarantor Lenders Loan Amount Loan Term Rep. APR Repay per £100 Same day
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£100-£750 6-9-12-24 months from 304% £174.84
(6 months)
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Borrow £600 over 24 months. Repaying £75.33 a month. Total repayable £1807.92 Interest Rate 140% (variable). Representative APR 304% (variable)

Warning: late repayment can cause you serious financial issues. Get help on
What are guarantor loans? 
Those loans are usually meant for people who have been refused elsewhere. However someone with a good credit rating, your guarantor, will guarantee to make the payment if you fail to do so.

Guarantor loans shoud be used very wisely and can be a good tool to rebuild your credit score when most of the other borrowing sources are closed to poor credit scores.

However there must be a really high level of trust between the guarantor and the borrower. A missed payment means the guarantor would have to pay for your failure... so think about the consequences of such loans.

Like any other short term loans especially, do not apply if you think you will not be able to repay the loan.

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