Why do I need a guarantor?

by Lucyp on Fri May 14th, 2010 11:30 am

Why should I have to get a guarantor?

Jon Newman

by Jon Newman last updated 71 days ago.

We cannot lend money without a guarantor being supplied.

Pretty much all UK lenders decide who to give a loan to by credit checking and getting employer references. There are a lot of people out there with bad or no credit. High street lenders wont touch these people but we will. Because we ask for a guarantor, someone that will back up the loan if the customer cant make the repayments, means that we can help the people who have had problems or have never had finance. In a nutshell, we're not going to judge you and turn you down because of your situation now. We only care about the future, not the past.

We'll give you the money no problem, you just need to get someone that agrees that you're able to pay the loan back. That person is your guarantor.

To find out who can be your guarantor click here
For help finding a guarantor click here

Comments

by kim 117 days ago.

you sent me some documents to be filled out by a garantor i can get sumone but they are not a homeowner,i would rather not have someone as a garantor as if i cant pay off the loan thats my problem not theres



Jon Newman

by Jon Newman 117 days ago.

The only way we're going to be able to pay out any money to you is if you can supply us with a guarantor that's a UK homeowner. I know what you're saying, that if you can't pay it back, it's your problem, not there's but that's the exact reason we ask for a guarantor. If you already think you're going to have problems paying back the loan, how can we pay it to you knowing we might not get our money back? At least if you have someone helping you, if something does happen and you can't pay it back, your guarantor can and you won't make your credit any worse.



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FLM and FLM Loans are trading names of Financial Processing UK Ltd.Registered in the UK, number 4841153. Registered Address: Walton House, 56 - 58 Richmond Hill, Bournemouth BH2 6EX. Registered with the Information Commissioners Office Z8738456. Consumer Credit Licence Number 557709
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