bigbadostric
Registered User
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Hi all,
Can someone explain the practical differences between someone being a guarantor as opposed to a joint applicant on a loan? I know that under law a joint applicant would be completely liable for the loan should the main applicant default but is this not the case for a guarantor?
Many thanks.
Can someone explain the practical differences between someone being a guarantor as opposed to a joint applicant on a loan? I know that under law a joint applicant would be completely liable for the loan should the main applicant default but is this not the case for a guarantor?
Many thanks.