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Why do I need a guarantor?

Millions of people are unable to borrow from banks because a credit score says they can’t be trusted. But at Amigo, we base our loans on friendship and trust instead of credit scores. If you have a friend who trusts you and is willing to be your guarantor, then we will trust you too.

Representative 49.9% APR (variable)

People guarantee loans for their friends because they know they are trustworthy and that borrowing money is a good idea for them. It’s basic, old fashioned common sense.

A guarantor's responsibility is to make loan payments if you do not. This is why we run through an affordability assessment with them, too; we want to make sure that they would be able to take on this sort of commitment.

Our Guarantor Loans