In fact, there’ll be nothing on their credit file to show they’re a guarantor at all.The only time an Amigo loan could affect a guarantor’s credit file or credit score is if there’s no arrangement in place to maintain the loan and any arrears become unmanageable. It’s important you keep on top of your payments and let us know if you may be struggling.The best way to improve your credit score is simply to keep up-to-date with all your payments.

This is why your guarantor needs to be someone that:If someone’s got your back, Amigo can back you too.No, the loan won’t be secured against your guarantor’s home, and their home will never be in any sort of danger.If the monthly payments aren’t being met and the account remains in arrears for a long period of time without any arrangement in place, there’s a possibility court action could be taken and a CCJ awarded. Will Amigo Loans credit check the guarantor? For details see Join the 6,000 people who receive an email when a new article is published: The lender should have checked you were happy with this The lender should also have explained clearly what the new loan was. They are hoping you will give up.When the lender says No (or if you haven’t had a reply within 8 weeks) you FOS is very friendly. They also run affordability checks to gauge how much you can afford to borrow each month. Email is best, see I suggest putting COMPLAINT BY GUARANTOR as the email title.

Credit files can be overly complicated, and while we could waffle on for page after page explaining them, we’d rather keep things simple.So, we’ve made this short guide to explain just the parts that matters to you.First things first, a very quick overview of what your credit file actually is.Your credit file is a record of your financial commitments (credit cards, loans, even bank accounts). We’ll then give you both an instant decision whether they’ve passed the initial guarantor criteria.After you’ve signed your agreement form, we’ll text and email you a link to give to your guarantor.

As long as you’re prepared and willing to speak openly about your finances, then soon you could be wondering why you were so unsure about asking.Before the loan can be paid out, we’ll need to make sure your guarantor can comfortably afford any loan repayments they may need to make on your behalf.
I have just noticed, in @Fighter1986's case, if I read the thread correctly, it was the Applicant that made the complaint to Amigo loans and not the Guarantor. Registered Office: Nova Building, 118-128 Commercial Road, Bournemouth, BH2 5LT.

There will not be any credit check so that applicants will be benefited. In fact, there’ll be nothing on their credit file to show they’re a guarantor at all.The only time an Amigo loan could affect a guarantor’s credit file or credit score is if there’s no arrangement in place to maintain the loan and any arrears become unmanageable.

Just so you know, the money goes into your guarantor’s bank account for them to transfer on to you.We need to contact the guarantor directly to make sure they understand and are happy with their responsibilities towards the loan. If a payment is late, or is not paid at all, this gets recorded as well.

This is called a County Court Judgment (CCJ).How you maintain your loan (whether you make payments on time or not) is the main thing that will affect your credit score.Every time you make a payment on time, a positive marker goes to the credit reference agencies (Equifax, TransUnion and Experian). By continuing to use the site, you agree to our It now turns out that actually he had several other loans before this one and would never have been able to afford this loan.
I am paying £200pm towards the plan which in total is just below £15,000.

I complained to Lending Stream about affordability on my loan and received a reply saying it was upheld with an offer I was asked to reply via email if I wished to accept which I did however I’ve heard nothing to suggest they’ve even received my acceptance and 4 unanswered emails to them asking if they’ve received it later and not able to get hold of them via phone I’m losing hope? 10 February at 7:17PM in Loans. I am so worried about this and how it will affect my mortgage.If you look at your credit record you will see the Amigo loan is not on there.