What is a Guarantor Loan?
A guarantor loan is a specialist product designed for those with poor credit ratings to help get themselves out of debt. It's just like any other loan, except the difference is that Consollo will overlook a poor credit score, as long as you have a guarantor who will vouch for you, and, should you miss any repayments, will cover the cost themselves. This guarantor could be a family member, a friend, a neighbour or a colleague. It really doesn't matter as long as they believe that you can make the repayments.
With a Consollo guarantor loan, you can consolidate your smaller debts and repay the money on an agreed schedule with a far lower rate of interest than you would be subject to with a payday loan. This means that not only are you not racking up more and more interest, but also that you can get on top of your finances, all while rebuilding your credit score in the process.