If you currently have a loan with us and have been affected financially by the COVID-19 pandemic, please click here for ways in which we may be able to work with you during these difficult times.

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Guarantor Loans FAQs (Borrower)

Why do I need to have a Guarantor?

This allows people who may struggle to get a loan from high street and online lenders, to apply for a Guarantor Loan.

When the applicant applies we need someone who has a good credit to Guarantee the loan. The applicant will still be responsible for making the monthly loan repayments, but in the event that they cannot, the Guarantor must agree to cover the missed payments. For this, they must demonstrate that they can afford the loan when applying.

For more information about Guarantors and Finding a Guarantor, visit our ‘Finding a Guarantor‘ section.

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

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