What is a guarantor signature? - Homework. Study. com Guarantor In business, parties enter into different kinds of contracts where they acquire a loan or agree to perform certain obligations in favor of another In these contracts, the creditors may require that the debt be secured by a guarantor
Who can be the guarantor for medical bills? - Homework. Study. com Guarantor: A guarantor is an individual held accountable for lending given to a debtor by the creditor if full repayment isn't achieved by the time the ending reaches the maturity date Lending may involve a service provided to an individual
What happens if guarantor cannot pay on a loan? Guarantor: In most cases, guarantors are relatives and family members who pledge to repay a loan if the borrower fails to pay the loan For one to qualify to be a guarantor, he or she must be 21 years and above and financially stable
What is an insurance guarantor? - Homework. Study. com A contract of guaranty is an agreement wherein a guarantor will secure the performance of an obligation or payment of a debt in case of default This is a contract which may availed of by the party who wishes to secure the obligation
What happens to the guarantor if the borrower dies? Does a guarantor have to pay anything? What happens to financial statements if accounts are not closed? How does loan-to-value affect mortgages? Are payable on death accounts subject to probate? Is a guarantor required for a personal loan? Does being a guarantor affect a mortgage application? What happens when an asset is fully depreciated?