A personal guarantee may be requested by our underwriters if the person and/or company you are applying for does not meet the required credit scoring or you are non-status.
Personal Contracts
For personal contracts, our underwriters may ask a friend or relative with a good score to indemnify us should you fail to make payments to fulfill your contracted requirements.
Business Contracts
For business contracts, our underwriters may ask a Director, Shareholder or a Parent Company if the company is newly incorporated, low credit score or the Directors has had failed businesses in the past.