At 1Plus1 we want you to make the right decisions.
It’s always important to carefully consider your financial situation before taking on a loan.
As responsible lenders, both you and your guarantor must meet our creditworthiness and affordability criteria. Once approved for a guarantor loan from 1Plus1, your money is sent to your guarantor to pass on to you.
Debt consolidation is one of the most frequent reasons for getting a guarantor loan. When you use it to pay off other loans or credit cards, you’re combining all of those outstanding balances into one monthly payment.
One advantage of using a 1Plus1 guarantor loan to pay off your credit cards is potentially the lower interest rates. With lower rates, you can reduce the amount of interest you pay and the amount of time it takes to pay off the debt in a given time.
You may be tempted to take out a payday loan to help you get by. However, payday loans can leave you much worse off than before.
Payday loans may be easier to get, but they carry risks if you can’t pay back the amount owed in the time agreed upon. 1Plus1 guarantor loans are more straightforward and incur much lower APRs, even if you have poor credit.
A guarantor loan can be a great option to pay for home improvements or repairs.
A guarantor is a good fit for people who don’t have equity in their home or don’t want to get a second mortgage. Guarantor loans don’t require you to use your home as security. In that way, they are less risky.
You may not need to take out a loan to move over a short distance. If you’re facing a long-distance move, costs can be expensive enough to warrant considering a loan.
A guarantor loan can help you move your belongings, and purchase new furniture for your new home and any additional expenses.
As always, we need you to be able to show that with your move and new home expenses it is affordable for you.
Finance funeral expenses
Not easy to consider, but loans can be helpful in the event of a family member’s death. Funerals are expensive. If a deceased person’s estate can’t afford those expenses, a family member or other person may choose to apply for a loan to cover the deceased’s final costs.
Pay medical bills
Medical expenses are another significant reason people go to lenders for loans. Treatments may include dental work, cosmetic surgery, fertility treatments and other procedures that can be expensive
If you suddenly need to buy a new washer, fridge or cooker but don’t have the ready cash, a guarantor loan can help. Other large purchases, such as televisions, or computers, can also end up costing more than you expect.
Guarantor loans may allow you to purchase major items immediately, rather than having to wait months to save up for them. Sometimes the savings in the sales can offset the interest you have to pay.
You can also apply for a guarantor loan with 1Plus1 guarantor loans if you’re thinking of a new car purchase. Having the funds available may enable you to make a better deal.
A guarantor loan can be used for big-ticket items like the venue and bride’s dress, as well as smaller expenses like flowers, photography, the cake and of course the honeymoon!
Consider a guarantor loan to help make your engagement and wedding exactly the way you always dreamed it to be.
Your normal holiday may not cost enough to necessitate taking out a loan, but what about a honeymoon, anniversary or a luxury cruise? Guarantor loans can help you finance your dream holiday