Looking for credit when your financial history is perhaps a little shaky can be a frustrating experience. Not only could you be turned down without consideration by banks and other high street lenders, but you could find your remaining choices are either very expensive when it comes to paying back, or that you can’t get the amount you want. This is where a guarantor loan could come in handy – guarantor loans are aimed at those who may have been turned down by their bank or other mainstream lender. With the addition of a guarantor (who agrees to pay any loan instalments which are not met by you) you could borrow up to £5,000 at much more reasonable rates than those offered by short-term, high interest loan lenders. Read on to discover more about the guarantor –including how to get one.
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