requires a loan of £2,000, to repair a boiler, repair a car, move house, or buy a car.
has no credit, or has experienced credit issues in the past and struggled with repayments.
may know a close friend or family member (Person B) who feels and knows that, Person A, can repay a loan, even though in the past they have experienced credit issues.
guarantees the loan for Person A, which means if Person A cannot make the payments for the loan, the guarantor who is Person B, will make the payments.
with weak or no credit is granted the loan they require.
By being approved for the loan, someone can begin to rebuild their credit. In addition, as the loan is guaranteed, it carries a lower interest rate then a payday loan or other bad credit loan.