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Guarantor LoansHas anyone used the ready solution for a loan guarantee?

Im bancrupt history.We and my husband has very bad credit need a loan for reasons of around £ 4000, very personal and obviously im not allowed to borrow money while in bankruptcy and hard for a husband. I found a company called ready solution that provide loans, if you have a = guarantor.I wondering if anyone has used this company?

If you are currently under the protection of bankruptcy you may not borrow money without court permission. If you borrow money while in bankruptcy, your case may be dissmissed and everything you try to do in Lost. Remember, you can not apply every 7 years, even if it is not over.

If the company is ready to give you a loan if you have a co-signer, they are likely to make the loan to your co-signer and not you. Therefore, your co-signer is the borrower, legally, you are not involved.

Your husband will be able to apply for a loan without involving your name. It is possible to do so. And as Larry said, if you get involved in a loan application, you will lose all the benefits you will bankcruptcy (bankcruptcy is not that good, I understand). From my limited experience, it is possible to use a surety that if you fail on all refunds, the guarantor will assume full responsibility, including a significant burden on late payment, legal action possible etc. I do not know personally ready solutions but I know some companies and banks will use a bond in certain situations, for example, my father was a guarantor for my first mortgage. It has nothing to do, but the bank was ready to leave the guarantor of the mortgage in case of late payment. Where they advertise this option as a possibility, I suppose you could ask them how it could work, what are the conditions, etc. However, I understand your difficulties. Good luck with whatever you decide to do.

Posted on March 8, 2010.
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