Then you may be considering a guarantor loan if you have a bad credit history. But do you realize you might make an application for a no guarantor loan from Satsuma? Satsuma considers applications from those that could have had credit issues within the past, so you could be qualified to receive a Satsuma short-term loan, susceptible to affordability.
Guarantor or no guarantor – what is the distinction?
You are solely responsible for repaying the loan when you apply for a loan without a guarantor. But guarantor loans work only a little differently.
In this situation youвЂ™ll ask somebody you understand to ensure the mortgage for you personally. What this means is they consent to make any re re payments if you’re not able to achieve this. Supplied you really can afford the repayments, then in case the guarantor features a good credit history the financial institution is much more prone to accept the mortgage.
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See if youвЂ™ll be authorized before you use
With Satsuma, you can view if youвЂ™ll be authorized for a financial loan before you use without inside your credit rating*. (more…)