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Use of a guarantor does not ensure that a loan application will go through, because the guarantor is considered part of the loan application, and his or her credit will be evaluated along with the other applicants. If the lending institution feels that the guarantor cannot make good on the debt, they will not approve the loan. When seeking out a gu…[Read more]

Use of a guarantor does not ensure that a loan application will go through, because the guarantor is considered part of the loan application, and his or her credit will be evaluated along with the other applicants. If the lending institution feels that the guarantor cannot make good on the debt, they will not approve the loan. When seeking out a gu…[Read more]