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.
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
This post deals predominantly with the UK loan framework but some things are universal………. When life gets tough and things aren’t going our way the last thing we need when trying to arrange a loan is someone trying to steal what little money we may have left. Unfortunately there is
This really is a case of prevention being the best remedy. By the time you realise that having a good credit score might be a wise course of action, it may already be too late. But don’t worry, we will show you how to improve your credit score. Then you
So, What’s The Difference Between Good Credit and Bad Credit Loans? If you are not buying a house then the type of loan you are looking for is called a ‘personal loan’ as opposed to a ‘homebuyers loan’ or ‘mortgage’. The terms ‘good credit loans’ and ‘bad credit loans’ are
Or: why does my APR say 5000% when my lender says I repay 40 in every 100 pounds? Who’s right? Answer: They both are. Doesn’t make much sense right? Unfortunately there’s a lot of confusion around APRs so let us try and make them a bit clearer for you.
The Short Answer: It’s one of the most searched for phrases in the loan industry. Is it still possible in 2021 to get a loan without being credit checked? No it isn’t. Some companies use their apparent lack of credit checking as a marketing tool. Keep an eye out for
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.
