Are there alternatives to a guarantor loan?

This all depends on your financial situation, taking out a guarantor loan from a company like FLM Loans may be your only real option other than taking a much lower amount for a much higher APR.

It should also be remembered that FLM charge interest daily, so you could borrow money for a shorter term that originally planned and not suffer in additional cost, this is great if your financial situation changes and you want to clear your guarantor loan in favour of a high street loan.

Repaying a guarantor loan is the responsibility of the applicant but is backed up by the guarantor.  Each month the lender will try to take the repayment from the applicant and only failing that will they seek to recover the funds from the guarantor.

If the applicant always makes their payments the guarantor should not need to be bothered at all by the lender.