https://ukmoneyexplained.com/tags/loans/ Recent content in Loans on UK Money Explained Hugo en-gb Sun, 09 Aug 2026 00:00:00 +0000 https://ukmoneyexplained.com/guarantor-loans-uk-explained/ Sun, 09 Aug 2026 00:00:00 +0000 https://ukmoneyexplained.com/guarantor-loans-uk-explained/ <blockquote> <p><strong>Quick answer:</strong> A guarantor loan is a personal loan (typically £1,000–£15,000) where a friend or family member agrees to repay if you can&rsquo;t. Interest rates are high (30–50% APR) — lower than payday loans but far more expensive than standard personal loans. The guarantor&rsquo;s credit is at risk if payments are missed. Consider alternatives like credit-builder cards or credit union loans first. Source: <a href="https://www.moneyhelper.org.uk/en/everyday-money/borrowing/guarantor-loans">MoneyHelper — Guarantor loans</a>.</p> </blockquote> <p><strong>Guarantor Loans UK Explained</strong></p>