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. JFLA does not except any form of collateral.
- A guarantor is at least 25 years old, a resident of the US, has strong credit.
- A guarantor cannot be a current borrower or guarantor on an active JFLA loan.
- A guarantor will need to provide an email address, 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 an email address, a current state issued ID and proof of income.
We thank all guarantors for assisting JFLA in the power of offering Interest free lending.