The money gets transferred to my guarantors account, does that mean they make the payments?

Haz (1 year ago)

I'm not sure how this works, if you pay the loan into my guarantor's account, doesnt that mean the payments are coming from them not me?

FLM Loans (10 mths ago)

The money is paid into your guarantors account as a security precaution, but each monthly payment will come from your account. We only ask your guarantor to make a payment if you are unable to.

Tags: cheque, guarantor bank account, money taken guarantor bank, payments, transferred, who makes the payments, who makes the repayments, whose account do the payments come from