Guarantor Loans
Find out if the loan company followed the right processes.
Guarantor loans are considered to be reasonably low-risk. It’s riskier for the guarantor. But lenders still have to minimise the risks of unaffordability by carrying out thorough checks. We assess whether they did that.
If we’re unable to get a successful claim, you don’t have to pay us a penny.
Sign once and we can check ALL unaffordable lending claims.
If required, we can obtain copies of all your paperwork for you.
What is it?
Guarantor loans are structured like other loans, with the credit to be paid back in monthly instalments. The only difference is that a third party, known as the ‘guarantor’, is part of the agreement – guaranteeing to cover any defaults in repayment.
The APR on guarantor loans is often high in comparison to other products.
Repayments can last for up to five years.
Unfair practices have been identified by the financial regulator.
Offered to people who might have a poor credit history.
Eligibility
If you know that you’ve taken out a guarantor loan, it’s also worth seeing if you have a valid claim for compensation. But if any of the following rings true, you stand a greater chance of being successful.
We put in all the hard work so you don’t have to. All we need to start taking back your slice of money is a few details.
Average claim pay-out
Feefo reviews
Satisfied customers
Reclaims experience
Further products
You won’t know until you’ve tried. With nothing to lose, it’s always worth finding out. All we need are a few simple details.