Can someone be a guarantor for more than one person?

rbaine1@yahoo.co.uk (2 yrs ago)

What if someone is already a guarantor for one person, can that person be a guarantors for another new client?

FLM Loans (10 mths ago)

A guarantor can only stand for one FLM customer at a time. We don't want to risk stretching guarantors too far by letting them cover more than one loan, it may put too much strain on them financially.

Don't give up though, if you've found one person you can find someone else.

I'm going to give you two pages that'll help you:

Finding a guarantor
Guarantor criteria

Comments (6)

nigeljohnston2010 (2 yrs ago)

i have applied for a loan with flm my guarantor has already done so but has good income will i be turned down thks

FLM Loans (2 yrs ago)

Hi there,

Unfortunately if your guarantor is already standing as a guarantor, the application will be declined.
This does not mean that we will not accept you for the loan, but you would need a different friend or family member to be your guarantor.

nisha123 (2 yrs ago)

i have found a guarantor, but they are already one for someone who has a loan with you is it possiblibe for them to be one for me too??

FLM Loans (2 yrs ago)

No I'm afraid a guarantor can only stand for one FLM customer at a time.

Guarantors are already doing an amazing thing, for them to offer to help someone else as well is just incredible. We just couldn't put that much pressure on them; it's not fair to ask them to cover that much money.

kerry121 (1 year ago)

is it ok if your guarantor is a gurantor for someone else but with a different loan company not flm?

FLM Loans (1 year ago)

I can't see any reason why not, we would of course still have to check that it isn't FLM, but if it isn't I cant see why we wouldn't be able to accept them as a guarantor.


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