You can stop being a Guarantor if either you or the Borrower repays the loan in full. However, you are committed to being a guarantor throughout the duration of the loan term – which means if the borrower cannot make monthly repayments, you must cover them.
For more information on being a guarantor, visit our Guarantor Hub page.
Loans are subject to status and affordability. Consolidating debts may increase the term and the total amount payable.
Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.
Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk