What is a guarantor?

Help & Advice

A guarantor is someone who is willing to guarantee your payments, if you’re unable to pay at any point during your finance agreement.

A guarantor is most suitable for people who have an impaired or very limited credit history where adding the guarantor makes the lender feel more confident about giving you the money.

Your guarantor will have to provide consent for you to apply as their own credit history will need to be checked before a loan will be provided.

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