If you be sure financing to own a family member or pal, you happen to be known as the guarantor. You are guilty of repaying the complete loan in case your borrower cannot.

If the a lender doesn’t want so you’re able to give money in order to some body into the their unique, the lending company can also be require a hope.

Before you can agree to be a guarantor, think twice about your own money. Be sure to understand the mortgage contract and you will understand the risks.

Be aware of the dangers of going guarantor

If you are considering guaranteeing financing, make sure to comprehend the dangers. Use the exact same proper care just like you was taking out a good financing yourself. Sigue leyendo →