Guarantor loans were initially offered by banks a few decades ago however it wasn’t until around 2005 that they were introduced to the subprime loan market.
When they were first introduced the process was largely paper based and while this worked, it was time consuming from an applicants point of view. As the guarantor loan market continued to develop lenders were searching for ways in which they could improve their ‘customer’s journey’; and it was hard to ignore the internet.
The vast m...