{"id":190980,"date":"2019-04-30T18:28:04","date_gmt":"2019-04-30T17:28:04","guid":{"rendered":""},"modified":"2026-01-29T03:31:28","modified_gmt":"2026-01-29T03:31:28","slug":"guarantor-loan-application-declined","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/guarantor-personal-loans\/guarantor-loan-application-declined","title":{"rendered":"My application for a guarantor loan was declined. What now?"},"content":{"rendered":"
Late repayments can cause you serious money problems. See our debt help<\/a> guides.<\/div><\/article>

Overview<\/h3>

You found a guarantor, searched for the best lender, filled in the long-winded application form, only to be met with “computer says no”.<\/p>

Of course, this can feel frustrating, but it’s far from game over for your loan hunt. We asked an expert from the UK’s leading provider of guarantor loans what steps you can take if you’ve been declined for a guarantor loan.<\/p>

Find out why you were declined<\/h3>

Many of us simply see the word “declined” and then close the browser tab. But if you don’t identify where your application fell down, then there’s a good chance the same thing will happen with the next company you apply to. Submit multiple applications for credit in a short space of time, and you’re likely to start seeing damage to your credit score \u2013 which is probably the last thing you need.<\/p>

Log in to your account with the lender that declined you to see if it’s offering any sort of explanation. Check your emails from the company. If they’ve given you nothing to go on, it’s often worth a phone call.<\/p>

Crucially, our contact told us that in most cases it’s the guarantor that fails the lender’s checks, and not the applicant<\/strong>.<\/p>

Unfortunately some companies simply won’t help when it comes to providing an explanation, so in these situations, you can fall back onto “best practice”.<\/p>

What are guarantor lenders looking for?<\/h3>