What is a Guarantor? A guarantor is a person who makes a promise to pay a debt if the original debtor on the loan cannot pay. Guarantors agree to use their assets as security on the loan. A guarantor does not have a legal claim to the property purchased by the borrower but remains ...
Like a guarantor, aco-signeris someone who jointly signs a lease to guarantee payment. However,a co-signer has more rightsunder the lease than a guarantor and is entitled to live in the rental as a tenant. A guarantor is financially responsible for a rental but is not authorized to live ...
A guarantor loan puts another person on the loan agreement who must make the repayments if the main borrower defaults. If you’re the borrower, then that person is your guarantor. If you can’t pay, your guarantor must make the repayments, plus any interest and charges. The loan agreemen...
5. Guarantor means: A person who assumes liability for the payment of a deposit if a customer fails to pay the deposit. A Guarantor must be a customer of the Company. The Guarantor is limited to the amount of the deposit owed by the customer and ceases after the date after the deposit...
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( ) is a person who looks after and is legally responsible for someone who is unable to manage their own affairs, especially an incompetent or disabled person or a child whose parents have died. A. Custodian B. Guardian C. Conservator D. Guarantor ...
A guarantor is a person who guarantees to pay a borrower's debt if they default on a loan obligation. Read more about the role of a guarantor in finance.
he might need a guarantor—someone who earns more money and has better credit who can co-sign a lease or vouch for the renter. In this case, the renter would sign the lease, the guarantor wouldco-signor countersign the lease, and the building owner would then countersign the lease, making...
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a history of your credit, if you’ve ever declared bankruptcy, or if you have outstanding loans and/or payments, etc; - Rental History: a past landlord’s phone number to check what kind of tenant you were; - Guarantors: a person who will be responsible to pay the rent in the event...