Guarantor loans rely on you have a Guarantor with a reasonable to excellent credit rating. A guarantor is needed should the worse happen and you are unable to make your monthly repayments, your guarantor will be asked to step in and take over the repayments for you. This rarely happens and the lender will try and find a solution with you personally before contacting your guarantor. The guarantor is the security for the loan, which is enabling you to be lent up to £10k which otherwise you would be turned down by other sources. For more information visit website #guarantor loans online.