GUARANTOR
& CO-MAKER

Looking for a loan with low or bad credit? If you have a guarantor or co-maker, their income and credit score can help get you approved. 

Any loan that you choose to apply for (except Share Secured) is eligible to have a co-maker/co-signer. Guarantors work as a financial sponsor for the original party. If your co-signer has a higher credit score and/or a greater income, they can help you get approved for the loan that you need. The guarantor/co-maker doesn’t pay anything as long as the primary party makes consistent, on-time payments. Do keep in mind, if you co-sign for someone, you become the responsible party if payments are missed.

Ex: If you are a parent, and your child is ready to get their first car and they can make the monthly payments themselves, but have no credit history—YOU as the parent can be a Guarantor/Co-Maker. They make the payments for a loan in their name, you just help them get approved!

FAQ:

Is the Guarantors Credit Affected?

Sometimes — When we check the co-signers credit we do a hard credit pull. But after that, so long as on-time payments are made; the co-signers credit should remain the same. HOWEVER, if payments are missed, BOTH PARTIES credit score will drop.

Anyone is able to be a Guarantor/Co-Maker—Parents, siblings, spouses, friends, coworkers, etc. But keep in mind, guarantors and/or being a guarantor yourself should only be with someone you completely trust. Once signed, the guarantor becomes the sole responsible party if payments are missed.

No, guarantors/co-makers do NOT receive the funds if payments are missed, or the original party defaults. They only become responsible for the re-payment of the loan. That is why it is important to only co-sign for people you absolutely trust. 

Loan Protection Gives You Peace of Mind

The Rolling F loan protection products are designed to help you overcome any hardships that may come your way.

Help protect your loan payments against life’s unexpected events such as death, disability, or involuntary unemployment with Debt Protection.2

Ask to add Debt Protection when you visit The Rolling F.

Save money on your life, auto or property insurance and experience excellent service with TruStage Insurance.

Learn More

Don’t get caught in an accident without GAP Advantage with PowerBuy. If your car is totaled in an accident, GAP pays the difference between what you owe and what the insurance company says the car is worth.

Ask your Member Service Specialist for complete details.