If you have tried to make up for your credit or perform well for a period of time through your personal efforts, but still can't borrow money, then you should move your head at this time to seek help from the outside world. A very common way is to find a person who can guarantee you, but you should know the role of the guarantor, If you can't get in touch with yourself for some reasons or can't repay the loan due to some changes, the guarantor will bear the losses of the borrower, that is, he will bear what you should bear. Therefore, the general guarantor is his own relatives or friends who trust him very much. Generally speaking, it is difficult to find an unfamiliar person to guarantee you. After all, no one is willing to take such a big risk, but, If you give this guarantor benefits, it is another matter. In short, if you have found a trustworthy person to become your guarantor, please look down!
Benefits of having a guarantor
If you can find a guarantor with a good credit rating to guarantee for you, it will largely make up for your own credit defects, which may greatly motivate the borrower to lend to you. Moreover, if you can find a guarantor for this loan, you will not need to find another guarantor for the next loan, which is undoubtedly very convenient for you, And it is a great opportunity to rebuild your credit. Unless you consume your credit excessively again, if you do so, I can tell you that, to a large extent, your future loans will end in failure. Therefore, in order to cherish the hard-won opportunity of the guarantor, you must make repayment on time and actively during the loan period, do not cause credit defects, and try to avoid causing a little trouble to your guarantor. We have already made the guarantee invisible and have taken great risks to the guarantor. You should use other ways to reassure him, and do not betray this friendship.
Tell the guarantor
Before deciding to guarantee, the guarantor must consider carefully, because no matter how much you know about the person in front of you, it is impossible to avoid some emergencies and the affordability of this person when facing risks, and whether it will eventually affect itself, etc. If you have been very clear about the consequences and care about this person, no matter what happens to him, you are willing to take the responsibility of the lender actively after the risk occurs, Then you can sign the joint loan document. If you just want to help the other party out of affection, and have no idea about what happened after the accident, or are not ready to bear the loss, then I advise you to think carefully again. After all, signing this document means that you have to share the risk with the lender for many years, Who would be willing to take such a big risk for no reason? It's a torture to life, right!
The above is some knowledge that lenders and co-lenders need to know. I hope you can think about it before lending. Don't act on impulse!
