Posted Answers
For most guarantor loans companies this means no. For other guarantor loans companies this should not be a massive problem - but they will provide you with assistance in finding one. If they don't then they are not the sort of company you should be trying to get a loan with.
Answer by Invappy
Looks to me like your guarantor needs to have a good credit rating and be a homeowner :(
I got my information about guarantor loans and it they list options if you still can't find a guarantor.
Answer by admin
A responsible lender will have a look at the guarantor's ability to pay the loan (if you cannot make the payment, the guarantor will have to).
That means that if the loan company feel that it would be irresponsible of them to burden the guarantor with more financial responsibility and making their financial situation worse, they will not accept the guarantor.
A person with a low credit rating will usually not be able to become a guarantor.
Answer by Mel_E