To take out a loan with the help of a loan guarantor you can be
a homeowner or you can be a tenant either privately or a council tenant.
The application process is in confidence and no-one will need to know
anything about it. You can be a state pensioner or in receipt of
benefits.
With a loan guarantor you may borrow money easily no matter your
credit history or if you have no credit history at all. If someone
will consent to be your guarantor, like a parent, close friend or
relation who knows you well, then you will not need to be credit scored,
so your credit history doesn't matter.
The concept of a loan guarantor resulted from fallout due to the
credit upheaval recently. Something needed to change to allow folk
with bad credit histories to raise finance. The solution was the guarantor
loan which has proved itself to be popular.