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I already know, that in the United States are student loan guarantors people who agrees to pay someone else's student loan debt. These student loans are in fact much more convenient and safer than any other types of unsecured financial products. How about student loan guarantors in United Kingdom? In the USA, there are Federal student loans, that is guaranteed by the government (the state). How does it work in the U. K? Is it true, that student loan applicants generally (but not always) use a guarantor if they feel they will be unable or unwilling to secure a loan itself? I think, its about poor credit or a bad credit history. How to recognize if i you need a guarantor?
Most of the information about the student loan Guarantor is on Wikipedia. There are also links to resources for assistance programs, government grants for students in Britain and other useful information, hints and tips! Another way is, if you are searching for student loans fromaround £ 500 to £ 100,000 - £ 200,000 for any purpose and without complicated forms. Be careful, these "non-banking company 'accept poor credit customers and foreign citizens (immigrants). You have to focus yourself on today's interest rates.
The interest rate of these student loans (with or without collateral / guarantor) should vary from 15% to 25% (APR may be higher). The APR can be indicative of a 31.9% but also higher, depending on entry fees and penalties on late splátce.Student loan repayment time period is around 1-7 years. There are plenty of repayment're options. For example, monthly direct debit program. Have a loot at this question on yahoo forum: UK students loan can my parents be held liable to pay it back if i can not?
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