SUCO

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Company Information

  • Company Name:
    SUCO
  • Website Address:
  • Business address:
    Broom House 39-43 London Road Hadleigh Essex SS7 2QL
  • Phone number:
    01708 570015

SUCO is a loan provider who has helped many UK citizens deal with financial burdens even when other lenders wouldn’t accept them. Borrowers who apply for a guarantor loan using SUCO’s website deal directly with the lender rather than going through a broker. This means that they get the best possible product for their unique situations. SUCO is authorized by the Financial Conduct Authority and is a reliable resource that UK consumers can use to get a loan that takes the stress out of budgeting and meeting financial responsibilities.

APPLICATION REQUIREMENTS:

Those applying for a SUCO guarantor loan must be employed and must have income coming in every month. Applicants need to be UK citizens. Guarantors need to be UK homeowners between 18 and 75 years of age. They also need to be employed and bring in a regular income. The guarantor on a SUCO loan can be anyone. He or she doesn’t need to be related to the borrower. The guarantor can be the borrower’s colleague, neighbor, parent, or friend.

LOAN AMOUNT AND CHARGES:

With SUCO, you can take out a loan of between £1,000 and £12,000. These loans do not include any upfront fees, but they are subject to interest charges. Guarantor loans from SUCO offer low APRs that start at only 39.9%. For a loan of £12,000 taken out over a period of 72 months, a borrower given a 39.9% APR rate would pay a total of £393.17 in interest.

PROCESS:

Applicants for a SUCO guarantor loans need to apply online. The online application for a loan asks for basic information regarding the address, employment history, and bank account of both the borrower and the guarantor. After submitting the application, the applicant will receive a response from SUCO indicating whether he or she has been approved for a loan or not. If approved, borrowers can agree to the terms of the loan. Once the borrower has agreed, he or she will be sent the loan funds within between 24 and 48 hours.

PAYMENT:

The stress-free loan process offered by SUCO includes convenient options for making payments online. Also, borrowers have the option of paying their loans off early so that they can minimize the interest they have to pay over the life of the loan. Borrowers can pay off their loan in full at any time, and their monthly payments will never increase.

41 Reviews of SUCO have been submitted - read the latest 3 below

Once I had my guarantor on board so to speak and we had sat down and gone through the online loan application together it only took another 48 hours for the loan process to be completed and for my money to arrive. It really was that simple and I am not sure if all guarantor loans are that easy to come by but I honestly don't think SUCO could have made the process any easier for me. It helped that my guarantor has a very good credit score and a well paid job and is a homeowner as well. So I suppose once I had that sorted and SUCO were happy with my guarantor's background the rest was just a formality.

Review posted by Janice Poulton, Stoke-on-Trent

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My dad's girlfriend is acting as the guarantor for this loan I have got from SUCO. Dad couldn't do it as he has been unemployed for a while but his girlfriend works full time and owns her own flat. She's been brilliant about the whole thing and even helped me choose SUCO and helped me fill out the online application. When my dad and her got together at first I thought I would hate her and never get on with her but she is a really nice person and even my mum quite likes her. She reckons she deserves a medal for putting up with my dad. I don't really know what I would have done without this loan because I had a few debts that were getting on top of me so this SUCO loan really has baled me out big time.

Review posted by Marie Ibbots, Bexleyheath

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I work for my uncle who has his own business and he stopped me taking out a bad credit loan by offering to act as a guarantor which he said would save me a lot of money in the long run. I wasn't sure how that would work out but when we did a comparison of what I'd be paying with a bad credit loan and what SUCO guarantors loans have just offered me I could see just how big a favour my uncle was doing me. I have to thank my uncle for two things now. This great loan and for the job he gave me after I left college and couldn't get a decent job anywhere. I am really glad there are lenders like SUCO and that I have an uncle with his own business otherwise I might still be out of work.

Review posted by Kelvin Towler, Mitcham

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