Guarantor Loans For Consolidation
Guarantor Loans For Consolidation
Guarantor Loans For ConsolidationConsolidation is a word i'm sure you often hear spoken about. Whenever people mention debts, you can be sure that the word 'consolidation' isn't too far behind. The question is, how do you consolidate debt, when credit isn't freely available? Well there are always credit cards, but these allow you to make tiny repayments and often leave you with a larger more crippling debt than a set repayment loan product would. Then theres....... well, nowdays not much else. If you can't get a loan with your bank (or supermarket!?!) then you're pretty much stumped.
Then walking into the limelight we have the guarantor loan! A Guarantor loan allows you to borrow money because you have the added security of a friend or family memeber signing on the application with you, 'vouching' that you are able to make the repayments and that they think you are 'credit worthy'.
These finance products can be used for as wide a range of applications as a typical loan can and they have the advtangeof being completely unsecured and normally without any up front fees (although alwasys look out for cowboys who are looking to charge you an up front fee for the same service!). To get one of these products you will need to find a homeowner who is willing to vouch for you, but then that is about it. If you don't beleive me then have a look around on google and see what you can find - i'm sure you'll be impressed like I was!