Buddy Loans Guarantor Loans – are you finding it difficult to be accepted for a personal loan?
Is your credit score making it difficult for you to be accepted for the money you need?
Then the Buddy Loans Guarantor Lending Company could help you out.
Information On Buddy Loans Guarantor Loans
With Buddy Loans, you can borrow from 1,000 – 7,500.
Money borrowed can be borrowed for up to 5 years making your repayments a lot easier to manage.
The difference between a personal loan and Buddy Loans Guarantor Loans is that with a personal loan you apply for the loan solely.
This might be suitable for some but if you have a poor credit score and are finding it hard to get accepted for a loan a guarantor loan may be your answer.
What Kind Of Guarantor?
When you apply for Guarantor Loans Buddy Loans, you will have to put someone forward as being a guarantor on the loan.
This person can be anyone that is willing to be named as a guarantor. This usually means a close friend or someone in your family.
The guarantor needs to not be financially linked to the applicant, but willing to take on the debt should the applicant fail to continue with their repayments.
Buddy Loans Guarantor Loans ideally like guarantors to have a great credit score and even better if they are also a home owner.
Be aware that before you agree to be a guarantor you will be responsible for the debt if the primary applicant fails to repay.
This is turn could have an impact on both credit scores, unless the guarantor is able to catch up on the repayments.
Once you have decided on who will be your guarantor and the person has agreed you can get started with the application process.
The application process is a very simple process. When applying on line it is worth using the simple calculator to decide how much you can afford to borrow.
The application form will ask basic personal information about the applicant and will request information about the guarantor.
One of their advisers will give the applicant and the guarantor a call to clarify your application and all relevant information to ensure you are both in the position to go forward with the loan.
Once this is done you will find out if you have been approved.
If so, you will receive your loan through your account and you will be free to use the money for what ever you require.
Its as simple and as straightforward as that.
See also Guaranteed Personal Loans.