Posted Answers
A:
Answer by admin
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:
Answer by Mel_E
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