Guarantor Loans: Who Could Be Guarantor For Loans? | How it works?
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Guarantor Loans

Guarantor Loans
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Guarantor Loans

A Guarantor Loan is a finance method in which you can take out a loan – in your name and proceed to make repayments on a monthly basis as you normally would. The Guarantor, who is typically a relative or parent, comes into play when you find yourself in a position where you are unable to cover a repayment. You will remain responsible for making the repayments, but if you default, your guarantor would have accepted to make those payments on your behalf.

This can be an excellent method of finance for people who may be struggling to get approval for finance on their own. It also eliminates a lot of the risk factor for the lender, as well as seeing a boost to your overall credit rating.

Here at U Car Finance, we understand that helping those who are having difficulties obtaining car finance is essential, although the feeling of helping those who are having difficulty getting car finance elsewhere is satisfying; nevertheless, it can also often be a difficult and daunting prospect. In some cases trying help those having financial difficulties results in getting into further debt, and this can result in individuals having difficulty making payments, defaulting on the finance plan and ultimately filing for bankruptcy. Here at U Car Finance, we take pride in responsible lending practice; this includes treating individuals on a case to case basis, this allows us to factor in all different variables, discuss your situation in depth and help guide you through possible options available.

If you are experiencing problems making your payments, we advise that you get independent financial guidance from organisations such as your Local Citizens Advice Bureau, who should be able to help guide you and give advice on what to do. Use our finance calculator to see what you could borrow today; our finance calculator can give an idea on your monthly repayments based on your credit rating. Alternatively, you can call 0330 445 5505. All our members of staff are trained to deal with individuals on a case by case basis.

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U Car FInance
U Car Finance is one of the leading UK Car Finance Brokers, we are dedicated to giving our customers the best service as possible. We accept people who have been refused elsewhere, people with good credit, bad credit and people with no credit history at all.

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U Car Finance
208 Victoria Street (Ground Floor)
Oldham, OL9 0DA
United Kingdom

Opening Times
Mon-Fri: 9.00 am - 7.00 pm
Saturday: 9.00 am - 5.00 pm
Sunday: Closed

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