Author of this content has low reputation.

LeoGlossary: Guarantor

A person who is responsible for the debt incurred by another party if that person defaults on the loan. This is done through the co-signing process where a second person signs the contract, accepting the terms.

Financial institutions often require this if the first individual's ability to repay the loan is in question.

H2
H3
H4
Upload from PC
Video gallery
3 columns
2 columns
1 column
Join the conversation now