Question

What is a guarantor for a loan?

Answer This Question
Interesting Question?   (2)   (7)



Answers (1)

15th Dec 2009 by David Becker

A guarantor for a loan is a person or a business that will make the payments for a loan if the direct loan recipient fails to make the loan payments. The guarantor is in effect responsible for the loan if the loan recipient fails to make payments.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



10th Dec 2009 In Banking 1 Answers | 84 Views
Subjects: guarantor,

Answer This Question / Give Your Opinion
What is a guarantor for a loan?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *