Because it is another person whose credit record is being scrutinized it means that you are not going to be credit scored yourself. It is very important for people who want to recuperate their credit rating that their credit records are not going to be looked at yet another time. With a loan for someone else in this way your score is not going to be looked at or pored over. Then by paying off the loan you'll see that your credit score will improve making it far more easy to apply for credit on your own account in times to come.
With a loan for someone else you can get access to money easily irrespective of your past credit history or even if you have none. If someone will consent to be your guarantor, someone like a close friend, parent or relation, your credit rating will not be looked at, so your past credit history need not matter.
Those making an application for a loan for someone else will do so knowing that they then have access to easy credit usually within three days of filling in the application form. You can pay the loan back before term if you wish with no redemption penalties and no early redemption fees..