Guarantor

 

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Guarantor

The guarantor is responsible for payments if you default. If a lender is concerned about your ability to repay your loan, they may require you to find a guarantor for the loan.

Guarantor

A person who commits to guarantee the debts of another. For example if an individual fails to meet his/her obligations on say hire purchase repayments, the guarantor will be obliged to make those repayments.



Similar Matches

Guarantor program

Guarantor program

Under the Freddie Mac program, the aggregation by a single issuer (usually an S&L) for the purpose of forming a qualifying pool to be issued as PCs under the Freddie Mac guarantee.




 
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