To apply for unsecured loans which need a guarantor you can be a homeowner or you can be a tenant either privately or a council tenant. Applying is completely confidential and nobody needs to know about this. You can also be retired from work or in receipt of benefits.
People who apply for unsecured loans which need a guarantor will do so knowing that they can have access to an easy source of money on average within three days of filling in the application form. You can pay back the loan before term if you want to without any redemption penalties. The loan may be used for any purpose.
It's certainly the case that some people might argue the principal advantage of unsecured loans which need a guarantor is that the borrower's previous financial record is made utterly beside the point. All former defaults, missed payments and arrears have become old history. As long as a guarantor with an average credit record is found then you can obtain credit once more, where you could not before.