Why be an Amigo Guarantor?
We're glad you asked.
Being a guarantor is a great thing. You get to help your friend or family member in so many ways you may have not even expected. Let us break it down for you.
Second chances
We believe everyone deserves a second chance when it comes to their credit. We help those who have thin or poor credit files, who may have been turned down by their banks, with the money they need. With your backing, we can offer that second chance.
Building their future
We also want to help make their financial future better. Therefore, for every payment they make on time and in full, we'll let all three major Credit Reference Agencies know, which could help build their credit.
We've even won awards for our credit building and so much more
How we size up
When comparing us to other lenders, we think we size up pretty well. Having a guarantor on the loan allows us to offer affordable loans to those who can't access credit from a bank, with absolutely no fees or charges. We're one of the next best options.
*We're also completely regulated by the Financial Conduct Authority*
Want to know if you fit the bill?
Being a guarantor is pretty simple. We don't have a crazy criteria, however you do need to meet the following:
You'll need to be between the ages of 23-75.
We're more likely to accept you if you own your own home. If not, you'll need to have a strong credit history.
You'll need to be happy to pay if for any reason you are needed to. This means, we'll just need to double check you can afford the monthly repayments, as we wouldn't want to leave you short if you did need to pay.
Read more about our process here.
Do you have a question?
Top 10 Questions
- Why was my guarantor declined?
- Can I change my guarantor?
- Does my guarantor need to be employed?
- Can I use a guarantor from outside of the UK?
- Can a guarantor be self employed?
- Who can be my guarantor?
- Can I live at the same address as my guarantor?
- How do I find a guarantor?
- Can a guarantor be retired?
- How do I stop being a guarantor?
