Buying a car on a budget is difficult and the challenge does not seem to be changing anytime soon.
What is a Guarantor?
Guarantors, instead of fees, gives JFLA the assurance of re-payment. A guarantor is a person who agrees to pay back the loan if you are unable to.
A guarantor is at least 25 years old, a resident of the US, has a steady income and has a credit score of 620+.
A guarantor cannot be a current borrower or guarantor on an active JFLA loan
A guarantor will need to provide a current state issued ID, proof of current income and credit will be run
If married, the spouse of the guarantor will need to sign all legal loan documents and provide a current state issued ID and proof of income
We thank all guarantors for assisting JFLA in the power of offering Interest free lending
Many credit cards will charge you up to 30% in interest. And Payday loans are much, much worse. Want to see how much you are really paying? And how you can pay zero interest?