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Glo, short for guarantor loan option, is aimed at people locked out of mainstream borrowing who need cash to make a big purchase, like buying a car, or to consolidate other debt.
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First, there must be an end to the need for guarantors.
For example, the requirements for guarantors, without whom many landlords will not consider a renter right out of school, are tightening up.
If not, we ask for a guarantor".
Other financial experts suggest you consider the family connection: how close you are to the person asking for a guarantor.
Two stocks Torray did make a move for: financial guarantor Ambac and Cleveland-based bank Charter One.
Anyone who has ever rented (which is now everyone, right?) will know that asking for a guarantor is nothing unusual.
While her first landlord required only one guarantor for two roommates, the new one wanted guarantors for two of three roommates.
And in this case, it financed guarantees of credit for credit guarantors.
I believe I am the guarantor for that".
Should the student default on the rent, landlords can pursue the guarantor for the unpaid sum.
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