This requirement of finding a guarantor allows providers to disregard your credit ratings and ability to secure your loan. You don’t need impressive credit ratings anymore, nor own a house to keep as collateral. Not creditworthy?Doesn’t matter.
There is certainly no lack of bad credit products, but are those products actually helpful? No. With sky-rocketing interest rates, there is little helping there and more of piling up on the already hefty woes. When guarantor loans are compared to the likes of payday or logbook loans, the difference is apparent, with the former being extremely expensive and the latter requiring you to own a car.
Guarantor loans, for this ease, have gained increased popularity and so, the formation of providers like Buddy Loans
and Piggy Guarantor Loans