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guaranter

Q: What is the spelling of guaranter?

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guaranter

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Yes

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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.

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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.

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No, trustee is different from a guarantor.

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