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Acting as a guarantor
Have you been asked to be a guarantor? We’ll help you understand what it could mean for you. Find out what a guarantor is, who can become one, and the legal responsibilities they have.
What is a guarantor?
A ‘guarantor’ promises to repay a debt or loan if the borrower can’t make their repayments . For rental agreements, the guarantor is responsible for covering rent if the tenant fails to pay. It’s a big commitment and it’s important to understand the legal responsibilities before agreeing to become one.
