Guarantee loan

Guarantee loan

The best way to describe a guarantee loan is to illustrate it in a case history.

This example is from a real life case and we are delighted that we at the guarantor loan specialist have been able to help this particular individual.


This gentleman (we will call him Mr P) approached us in August this year (2008). He had just been made redundant from his job at the local council and unfortunately, he had only been there for approx.2 years which meant he came out with virtually no redundancy payment at all.
To add to his problems, he found out his wife was 2 months pregnant.....everything it seemed, was going wrong. He tried to obtain a loan with a few companies (only £1,000 to help buy baby items) but as soon as they realised that he was out of work and his wife didn't work, it was a straightforward no.

This is where the guarantor loan specialist came in.

We told Mr P that we could help him if he was able to provide us with a guarantor. Mr P didn't have any family that he was close to so he approached his next door neighbour who he had known (and lived next door to) for over 9 years. His neighbour was more than happy to become a guarantor for Mr P as he knew that he was a good person who would always pay his debts. His neighbour had a very clean credit history and the lender we placed it with was more than happy to offer the loan with Mr P's neighbour as the guarantor as the lender knew that a guarantee loan would always be reapid on time, every time.