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.
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
Consumer Credit Award 2019
Best Guarantor Loan Provider
MONEYNET AWARD 2019
Best Credit Builder Product
Best Companies 2019
2 star 'outstanding' accreditation
Business Excellence Awards 2019
Excellence in Financial Technology
Credit Excellence Awards 2018
Alternative Lender of the year - Finalist
Consumer Credit Awards 2018
Treating Customers Fairly Champion
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*
Still not convinced?
We'll let our guarantors do the talking
"Amigo Loans helped me when I needed it most, with a relative as my guarantor, they lent me enough money to pay off my debt and give me peace of mind. Thank you!"
"I am the guarantor. I have been kept fully informed at all stages of the process and am quite impressed with the customer service."
"Everything explained brilliantly and nothing hidden in small print. Kept up to date from start to finish. Highly recommend!!!"
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 18-75.
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
- Can I change my guarantor with a top up loan?
- Can a guarantor be retired?
- What if my guarantor does not have the internet?
- Can I live at the same address as my guarantor?
- I can't find a guarantor, what should I do?
- Will you credit check the guarantor?
- What does 'Amigo who will guarantee your loan' mean?
- Why should I be a guarantor?
- How does my guarantor log in?
- How long until my guarantor is contacted about a missed payment?