Please, only serious answers and nothing judgemental – many thanks.
We got onto serious financial problems a couple of years ago following my going part-time after having had breast cancer and my husband losing his job. We tried a craft business but it simply did not pay. Not eligible for benefit. Therefore both of us are now job-seeking.
We have made informal arrangements with our creditors, which run smoothly. Nothing has gone far as CCJ or IVA stage.
We are in a desperate financial situation – facing possible bankruptcy and eviction from our privately rented property. We have a bad-credit lender willing to lend us just enough to tide us over until my husband gets a job and I get full time employment. We know we can repay this.
However, the company who have made us the offer require a guarantor with good credit and in full time employment, which means we are going to have to ask a friend or family member to guarantee the loan for us.
Do all such lenders ask this?
http://www.nohasslebargains.com/loan/id1.html
UNITED KINGDOM
Financial Services
limited choices for uk here but there are a couple
http://www.researchitforme.com/wesayes/loans
Loans UK Loans to Suit Every Pocket
By: Amanda Thompson
This article might help you along… This website is loaded with good information in it… Read away.
Good Luck!
Bad things happen to Good people all the time.
Here in Michigan where I live, Yes, Lenders have the right to ask for a co-signer on a "low risk" applicant.
Not saying that you would not pay the money back, but the majority of the Banks/Lenders come across this ordeal everyday, and they don’t know you and they are only trying to protect their Interest.
This way, if for some reason you do de-fault, the Lender has someone to fall back onto to retrieve their money, usually here, the co-signer has to have some form of collateral, (example) Home. Something they can attach a lien onto if the monies are not paid back.