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GUARANTOR meaning in the Cambridge English Dictionary.
guarantor for/on sth Some providers lend young people more if their parents agree to be guarantor for the loan. The private investor acted as guarantor to £160 million of the company's' bank borrowings. Definition of guarantor from the Cambridge Business English Dictionary Cambridge University Press.
What to do if you cant get a guarantor? Advicenow.
You may be one of those students or young people living in England who find it impossible to get a guarantor, perhaps because you don't' have a relative or friend who is willing or able to act as guarantor, or you are a care leaver, or you no longer have any kind of relationship with your parents, or you are an international student who cant provide a UK-based guarantor.
Who Can Be My Guarantor? TrustTwo.
Who can be my Guarantor? Almost anyone can act as your Guarantor; it can be a family member, a friend or a work colleague, but not your wife/husband. They will need to be aged 21-80 and have a good credit history.
Guarantor Definition.
A guarantor is a financial term describing an individual who promises to pay a borrower's' debt in the event that the borrower defaults on their loan obligation. Guarantors pledge their own assets as collateral against the loans. On rare occasions, individuals act as their own guarantors, by pledging their own assets against the loan. The term guarantor" is often interchanged with the term surety." A guarantor guarantees to pay a borrower's' debt in the event that the borrower defaults on a loan obligation. The guarantor guarantees a loan by pledging their assets as collateral. A guarantor alternatively describes someone who verifies the identity of an individual attempting to land a job or secure a passport. Unlike a co-signer, a guarantor has no claim to the asset purchased by the borrower.

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