CALL a few lenders and ask them what their lending qualifications are.
No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.
When a person does not have good enough credit to secure a loan or financing on their own, they need a guarantor. A guarantor is a co-signer, and that means if the person taking out the loan does not make the payments, then the guarantor has to make the payments.
No. You may be able to use a credit card or personal loan for something like this.
There is a couple of companies in the United Kingdom that offer guarantor loans: TFS Loans, UK Credit Limited, Amigo Loans LTD, Credit Yamaska and Center Lending.
Provide funding support for collateralized securities such as student, auto, and credit card loans.
Rates for student consolidation loans can really vary depending on the funding institution you are using for the loan. Rates are also based on your credit score. So make sure you credit is descent if you want lower rates.
No. She must get a credit card in her own name since the guarantor on the account is deceased.
No. When you applied for the business credit cards, it appears you were required to sign as personal guarantor as a condition of the cards being approved. The only way to be removed is to request it from the credit card companies who issued the cards. it would depend how long you have had the cards and if they feel your business has developed an acceptable credit history.
I am 27 and can't get funding to get my business off and running because of my credit, what can I do?
Yes, if he has sufficient credit and wants to assume that kind of potential financial liability.
Because the guarantor must be both known and credit worthy.
If you're talking about a cosigner, then yes. The cosigner's credit gets dinged also. Be careful about who you cosign for.