What is a Guarantor?
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This video explains what a guarantor is and puts it into the context of guarantor loans. Guarantors are used to provide a “back stop” for lenders who believe their loan or financial outlay may be at risk. A person who is considering acting as a guarantor should ensure they know the borrower well before they agree to acting as a guarantor. The video also shows how the requirements for a guarantor differ depending on loan amount: 1) Loans of £50 to £500 2) Loans of £500 to £7500 Full details are available at www,guarantor-loans.co.uk
February 07 2012 | Loans | No Comments »