We believe financial support goes beyond the loan itself. This blog exists to help you make better, more informed decisions about borrowing – whatever your situation.
Yes, it is definitely possible to improve your credit score through a guarantor loan, provided you pay it back on time and do not miss payments. In fact, many people struggling with a bad credit score (or alternatively, no credit history at all) take out a guarantor loan to improve
Do Guarantors Have Any Rights? Yes, a guarantor has a lot of rights. One reason is because the loan is funded into their bank account first. Therefore they have the power to control whether or not the loan is passed onto the main applicant. They could also delay payment. However,
What Checks Are There for Payday Loans? When you apply for a payday loan or another form of short-term credit, the lender will usually carry out several checks before deciding whether to offer you a loan. The exact process varies, but most lenders will look at your identity, income, affordability,
How Much Does a Payday Loan Cost? The cost of a payday loan depends on the amount borrowed, the repayment period and the rate offered by the lender. The figure that matters most is not just the monthly repayment or the APR, but the total amount repayable. Before accepting any
What to Consider Before You Apply for a Payday Loan A payday loan is a form of high-cost short-term credit. It may be used for a temporary financial gap, but it should not be treated as a routine way to cover rent, food, bills or other regular living costs. Before
No, if you have agreed to become a person’s guarantor for a loan , when you cannot suddenly stop being a guarantor once the full loan amount has been paid out. We understand that the duration of a guarantor loan can last for a long period of time (such as
Having a good person to be the guarantor of your loan is essential to maximise your chances of approval. A strong guarantor is important to the lender because it offers confidence that the loan will be repaid and reduces the risk of default. This can even be the case if
What are the Responsibilities of a Guarantor? The main responsibility of the guarantor is this. If the main borrower defaults on their loan the guarantor will be required to step in and repay on their behalf. This is confirmed in the original pre-loan agreement signed by both parties. Meaning that
Here’s why we believe a broker is best When you type the words ‘bad credit loans uk’ or ‘payday loans’ into your preferred search engine the sheer volume of matches can be somewhat daunting. One of the first things people do is try to sort out the brokers from the
In The Beginning… As British as roast beef and Yorkshire pudding or a Chicken Tikka Masala on a Friday night, The Citizens Advice Service (formerly Bureau) has been with us since the dawn of the Second World War. Like The Samaritans or eggs and bacon, if you’re British you know
Ian Sims’ newly released second book in a three-part series explains what lenders really look for, why applications get declined, and what can improve your chances of approval. It’s a practical guide for anyone navigating bad credit, missed payments, or recent declines.
