Loan underwriting is the process that we undertake to analyse all of the information provided by each applicant.
At Guarantor My Loan our experienced team review each case taking into account both the current and future affordability of loan repayments based on income and outgoings, we compare key credit data such as mortgages, loan, credit cards and bank records against what is disclosed by you in your application.
We also like to get to know you so we can take into account why you may have adverse credit and we often ask for copies of your recent bank statements during the underwriting process which helps us understand how well you manage your money. On occasion an underwriter may ask for further information for example payslips if your income cannot be verified. All this information allows the underwriting team to review each case to assess the likelihood of borrowers making their required payments.
These underwriting steps allow Guarantor My Loan to assess your ability to meet repayments in a sustainable manner without you incurring financial difficulties.
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Guarantormyloan.co.uk. We are authorised and regulated by the Financial Conduct Authority. Interim Licence 661304
Registered in England as Match The Cash Ltd. Registration Number: ZA055459 (ICO)
Registered Office: MATCH THE CASH LIMITED ACRE HOUSE, 11/15 WILLIAM ROAD, LONDON, UNITED KINGDOM, NW1 3ER. Company No. 08667447