Guarantor Loan Claims

Guarantor Loan Claims

A guarantor loan is a longer term loan of 12 months or over where a lender requires a guarantor to jointly sign the loan agreement. In doing so, the guarantor agrees to repay the borrower’s debt should the borrower default.

Guarantor loan claims have hit the press recently, with major lender Amigo’s affordability checks coming in for criticism. Amigo has been facing an increasing number of affordability complaints, from both borrowers and guarantors. Amigo’s mis-selling is likely to be one of the big mis-selling stories of 2020.

Why can I make a Guarantor Loan Claim?

Much in the same way as with payday loan claims and doorstep loan claims, a guarantor loan lender has a duty to check to see if the loan was affordable before lending the money. Just because someone else promises to pay them back if the borrower defaults doesn’t mean the lender can ignore their affordability check obligations.

Despite the slick and friendly advertising, things can get very messy with guarantor loans. They can strain friend and family relationships. Sometimes, guarantors have ended up with huge bills because they tried to help someone out, but did not foresee they would default.

Who we can represent in a Guarantor Loan Claim

We can represent borrowers and guarantors in making claims against guarantor lenders. You don’t need to tell the borrower or guarantor about the claim – it’s confidential.

  • A Trusted Name

    A Trusted Name Allegiant Finance Services Ltd is widely regarded as a pioneer in the high cost loan claims management market.

  • Friendly & Experienced Advisors

    Friendly & Experienced Advisors Contactable by email, phone, live chat or post, whichever you prefer.

  • Confidential & Discreet

    Confidential & Discreet We will only correspond with you and keep your details secure. We’ll never sell your data.

  • Proven Track Record

    Proven Track Record We've been claiming high cost loan refunds since 2013

  • Online Application

    Online Application Full online application process. Receive an automated decision on whether we can take on your claim

  • Over £50 million+ Recovered

    Over £50 million+ Recovered We are proud to have recovered £millions on behalf of our customers.