The Definitive Guide to Guarantor Loans

In the years since the start of the global financial crisis there has been rapid growth in a whole range of personal loans that we might refer to as alternative loans. These are loans that are not obtained through the traditional sources of mainstream banks or other lending institutions such as building societies but more typically through loan brokers and niche lenders. There are many reasons why people are increasingly choosing to avoid the more conventional sources of lending and are seeking out these alternative types of borrowing. One reason is simply lack of availability – banks have implemented increasingly strict lending criteria so if you don t have a whiter than white credit history you may be unable to secure a bank loan at all; or will only be able to secure one at a high rate of interest. The other factor driving more and more people to seek alternative loans is the cost. If your credit score is not perfect then the bank or other lending institution may agree to a loan
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