I cant find a guarantor - FLM Loans Answer Centre

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I cant find a guarantor

by james-dawes on Wed Apr 28th, 2010 11:25 am

i cant get a guarantor thanks for trying to get me a loan and if there is anything else you can do for e that doesnt need a guarantor that would be great thanks james dawes

by Jon Newman last updated 63 days ago.

Before you give up on this money, make sure you have read through the answer bank. You may find that we've suggested a way of locating a guarantor that you haven't thought of yet.

I tell all our customers who are finding it difficult, start with the basics. Just write down all the people you know that own a home. Then narrow it down by highlighting all the people that trust you will pay this loan back. Then it's just a case of getting yourself ready to ask them.

These two pages will point you in the right direction.

Guarantor criteria.
Guarantor help page

Comments

by pawan 124 days ago.

Hi Jon well i have recieved a loan of £3000 loan but there should be a home owner as a gaurantor. but i am not able to meet up with this criteria can i switch to unsecured loan will it make me any difference and well i have many friends and relatives who are permanent employ in london will that help me out could u please help me with this confusion.

by Jon Newman 124 days ago.

Hi pawan, Even though we are a guarantor based option we are still an unsecured lender. This is beacuse we do not secure the loan against the property.

Use the links i put in my last response so that you can try and get yourself a guarantor.

by adi 122 days ago.

i dont have anyone how can be my garantor is there any way i can still get the loand sending you my wage slips or somthing else

by Roxane Tizzard 122 days ago.

No I'm afraid not. We're not able to give any loans without the applicant providing a guarantor.

by rose21 120 days ago.

I received a call earlier that i should find a garantor but the one person i have is not a home owner what should i do next

by Jon Newman 120 days ago.

We do need you to provide a guarantor that is a homeowner or paying towards a mortgage. We can't get round this fact, regardless of how much income they have or how good their credit is.

Use the answer centre to find some tips on how to find a guarantor.

by Garry 1 119 days ago.

Hi Jon
It is quite difficult these days to find someone who is known to me that does not have some kind of bad credit rating after the recession. I have abrother who is a home owner and if I could I would prefer to use him, but I am not sure if his rating is good.

by Jon Newman 119 days ago.

We understand it's difficult to find credit in these hard times, but that's what we're here for. All we aks is that customer's can provide a guarantor that is a UK homeowner, has good credit and earns over £800 a month. By all means try your brother, but if he does have any missed payments or defaults, he will be declined. Check with your brother whether he has missed any payments or has any bad debt. It's worth spending some time finding a back-up option in the meantime.

by mike 27 118 days ago.

Hi Jon, I now have a gaurantor ( brother ) who is very willing to help..He will give full details to you,except BANK DETAILS..He lives in DORSET and is an owner of several care homes..He is good as a gaurantor,but will not hand over his personal details...CAN I STILL CONTINUE WITH MY APPLICATION ?????

by Roxane Tizzard 118 days ago.

We will need their bank details, you can either enter them online or your caseworker will call and confirm them. We have to have their account details because the loan is paid into their account, for them to then transfer to you. This is done for your protection from fraud, and again, has to happen.

by cyru0309 118 days ago.

I do not know anyone in the UK that is a home owner or pays mortgages. Can I use my husband as a guarantor?

by Jon Newman 118 days ago.

If you and your husband are homeowners, then yes you can. Bare in mind though, as you're shared owners you will both need to have a good credit history to be accepted.

by John 113 days ago.

I have been unsucessful in obtaining a guarantor because of the small print on the guarantors part of the form says that they became libiable for my loan, and if I miss a payment they have to pay the missed payment and also incur the charges as well. Also 3.1 That interest will be calculated on a daily balance outstanding .9.1 That you may debit my account with reasonable charges.

by Jon Newman 113 days ago.

We make the terms and conditions as clear and easy to understand as possible. The whole role of the guarantor is to cover the repayment should anything happen to you, we don't hide away from this fact.

If you miss a payment you're going against the agreement that you make with us. At this point we're well within our rights to try and get the money we're owed. Charges won't be applied as long as you make the payment on the day you promised to.

by berries720 112 days ago.

hi thank you for your help but i cant get a garantor the only person i have does not own his home as he lives with me he is my son but thank you anyway but i just needed a small loan of 250 thats all

by Roxane Tizzard 112 days ago.

If you want a loan for £500-£3000 then you will need to provide us with a UK homeowner guarantor. However, as you only want £250 we can point you in the direction of our sister company, FLM Quick. They offer between £50-£500 and also need a guarantor, but because of the small loan amount, they can accept guarantor's that aren't homeowners. You can apply with them by going to www.flmquickloans.co.uk

by lady p 111 days ago.

can you let me know, if my guarantor is using their overdraft will they be excepted.. they are a homeowner and has been with their current employers for many years

by Jon Newman 111 days ago.

It doesn't matter if your guarantor is in their overdraft. We look at their income and their credit history. If they've gone over the overdraft they may have a negative mark against their name. It's worth checking with them before you send back the form.

by victoria123 70 days ago.

i am finding it hard to find a guarantor . a family member of mine is married but doesnt have her name on the morgage is it still possible for her to be a guarantor?.

by Jon Newman 70 days ago.

Part of our main criteria is that all of our Guarantors have to be a UK homeowner, they either need to be on a mortgage or own the house outright. If you are having problems click the "Guarantor Help Page" at the top of this page.

by lloyd 68 days ago.

i got this loan through a company called loan and go and they never said or even hinted that i had to have a guarantor i have asked the only 2 home owners that i know and they both said that they are unable to do so because of there own finances is there another way i could get this loan?

by Roxane Tizzard 68 days ago.

The company that you mention is actually a brokerage company. They and many others try and find people the best loan option based on your current circumstances. They will search all different types of loans to find you the best one. They may not have mentioned it when you spoke to them, but it turned out that a guarantor option was the best one for yourself.

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