At Guarantor My Loan we understand that from time to time customers can miss a payment. When this happens, the best thing (for your credit rating and your account) is to get back on track as soon as possible. Whatever your situation, we can always find a solution that's right for you.
We appreciate there could be lots of reasons people can struggle with making payments – from changes in personal circumstances to facing unexpected bills. Whatever your reason, the sooner you can let us know about any difficulties you may be having, the more helpful we can be.
As late or missed repayments stay on your credit report for at least six years, it’s not hard to see how important it is to stay on the right side of repayments.
There are some useful tips you could try to help ensure you don’t miss payments. These could include setting up a direct debit so you know payments will be coming out of your account, changing your payment date to a time that is more suitable (inline with pay day is usually a good one) or working out your budget to ensure you have sorted your debts into urgent (priority debts) and less urgent ones (non-priority debts).
If you do find that you are in financial difficulty and struggling you can also speak to advice charities. The Money Advice Service and Citizens Advice Bureau offer free, confidential advice.