Guarantor loan
Cards & borrowingA loan where another person agrees to cover repayments if you cannot.
Overview
Guarantor loans can help people with limited credit history access borrowing.
The guarantor is responsible if you miss payments.
Why it matters
- It creates financial risk for the guarantor.
- Missed payments affect both parties.
- It can be expensive compared to standard loans.
FAQs
Does a guarantor loan affect the guarantor credit score?
It can if payments are missed or if the account is linked to their file.
Can I get a guarantor loan with poor credit?
It may be possible, but approval depends on both you and the guarantor.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.