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A person who is blacklisted, typically due to poor credit history or unpaid debts, may face challenges in being a guarantor. Lenders often require guarantors to have good creditworthiness and a stable financial background to ensure they can cover any obligations if the primary borrower defaults. However, policies can vary by lender, so it's essential to check specific requirements and conditions.
What else can I help you with?
What is the spelling of guaranter?
guaranter
Does a guarantor have to sign a lease for his responsibility as the guarantor?
Yes
What is the duration of Black Listed?
The duration of Black Listed is 1.58 hours.
What are the duties of a guarantor?
When a person does not have good enough credit to secure a loan or financing on their own, they need a guarantor. A guarantor is a co-signer, and that means if the person taking out the loan does not make the payments, then the guarantor has to make the payments.
When was Black Listed created?
Black Listed was created on 2003-01-21.
Can you cancel an agreement being a guarantor?
No, you can not stop being a guarantor to an agreement while the terms of that agreement are in force. Thus if you are a guarantor for rent and the person your are guaranteeing fails to pay the rent - YOU must pay the rent.If you a guarantor to a loan and the person with the loan defaults, YOU must pay off the loan.This is what it means to be a guarantor - you can not get out of the agreement when things begin to go wrong.Think VERY carefully before being a guarantor to ANYTHING.
International school of business studies is black listed or not?
It is really good college, which is NOT black listed.
Which are the black listed hospital in karnataka?
black listed hospitals by uae in banglore
In corporate law is trustee for debenture holder also known as a guarantor?
No, trustee is different from a guarantor.
How do you use the word guarantor in a sentence?
His father acted as guarantor when he got the loan from the bank to buy the house.
How long do i have to be a guarantor?
The length of time you are required to be a guarantor typically depends on the terms of the agreement you are guaranteeing. It is important to carefully review the contract or agreement to understand your responsibilities as a guarantor, including the duration of your commitment.
Is college of central London black listed by UK border agency?
67 colleges are black listed by UKBA
