could i use a gaurantor to convince a lender? as oppose to them turning me down then suggesting one.
2007-02-27 05:38:17 · 4 answers · asked by lenstar 2 in Business & Finance ➔ Small Business
Yes, you can use guarantor if he or she is acceptable to the hight st. loan. They would have to put down security for you.
All the best!/
2007-02-27 06:58:42 · answer #1 · answered by Ebby 6 · 0⤊ 0⤋
You could do this but it depends on the people selling you the loan. Is it just someone in a shop who takes some details and then checks to see if you're accepted? If so the likely hood of being able to speak to someone who may be able to give you the answer you want may be limited.
Have you thought instead of going for a loan from another company, say a bank as they will almost def accept a gaurantor - you may even get a better rate of interest if you shop around.
2007-02-27 08:17:18 · answer #2 · answered by Rachel T 1 · 0⤊ 0⤋
I have the same problem - i cant get a loan from a high street without a guarantor so i dont bother - what happens if you suddenly become unemployed and cant make the repayments??? It would cause an atmosphere between you and the guarantor - I save like mad if i want something and if i cant afford it i do without
2007-02-27 13:17:48 · answer #3 · answered by heckuvapeach 2 · 0⤊ 0⤋
Lenders are often happy with a guarantor providing they match up to the criteria
2007-02-28 08:36:01 · answer #4 · answered by Professor 7 · 0⤊ 0⤋