Can my guarantor help with repayments?

richard7479 (1 year ago)

i sometimes do work for my friend who i am going to ask to be my guarantor,can he help pay back the loan rather than give me cash for the work done?

FLM Loans (8 mths ago)

When you are in contact with your FLM caseworker, we will set up a direct debit with yourself, as it is your loan to pay back. Your guarantor is there to help you if you ever had any problems with payments.

 

Due to this, we prefer to take the payment from the applicant when it comes around to your payment date.