Post on 26-Jun-2015
description
Guarantor Loans
Guide to the guarantor loan process
• How a guarantor loan works?• What interest rate can you expect to pay?• Who will qualify for a guarantor loan?• Who can be a guarantor?• How long will it take?• How much can you borrow?• Are there any fees?
• A guarantor loan is one of the simplest loan products available today.
• The borrower (who may have a terrible credit history) will apply for a loan and get someone who is a homeowner with a decent credit history (the guarantor) to “endorse” their application.
• You should pay no more than 24% as an annual interest rate. However, some “firms” charge 30% or even 36% per annum so beware!
• As long as you are not bankrupt, in a debt management plan or in an IVA then you will qualify for a loan if you have a suitable guarantor. YES, you can even be unemployed and still get a loan for £1000.
• The whole process will take just 2 weeks from your initial enquiry to you receiving the cash in your account.
• First time borrowers will be limited to £3000 and previous borrowers can borrow up to £5000.
• Once you are halfway through your loan (and you haven’t missed a payment) you can apply for a further loan on top of what you have.
• WE DO NOT CHARGE FEES• Some firms (you and I know who they are)
charge up to £70 to “process” your loan. They will tell you that your loan is guaranteed and that you will get your money back if the loan doesn’t go through. Try asking for your money back...
YOU WILL NEVER, EVER GET YOUR MONEY BACK BECAUSE YOU ARE BEING SCAMMED!!!