Your guarantor will be asked to finish a basic online budget strategy. This will cover their regular monthly income (such as salary, pension plan and advantages) and also any type of outbound costs to make certain the loan repayments are budget friendly. This is just in situation your guarantor ever did require to action in and make repayments.
When your guarantor has actually done this, we'll offer them a quick phone call to validate their information, check they recognize their duties as well as to organize paying the loan.
Do not worry if your guarantor has actually been declined, the most vital thing is we've currently accepted your application as well as desire to assist you get the loan you need.
You simply require to discover somebody else to be your guarantor rather. As quickly as you've located someone new, we'll check that the payments are budget friendly for you both and will certainly after that arrange paying out the loan.
There are a couple of reasons why we're not able to accept someone as a guarantor, however one of the most common is if their credit history does not meet our criteria.