THE JOINT LOAN
If you have a poor credit history or you're struggling to get credit, you may find a joint loan is the answer. It could also help to rebuild your credit file. Whoever you have a joint loan with MUST have a good credit history, even if you don't.
How does it work?
You can apply for a loan between £500 - £7,499 (subject to status)
Find someone who is willing to apply for a loan with you.
If you want to borrow more than £5,000, one of you will need to be a homeowner.
You will both becomes responsible for the repayments.
Must be over the age of 18 years
Must be a UK resident.
At least one applicant must be employed.
At least one of you must have a very good credit history with no CCJs or arrears.
Must be a homeowner to guarantor more than £5,000.