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What will the bank do if the guaranteed loan is not repaid?
Guarantees are divided into general guarantees and joint liability guarantees. If it is a general guarantee, you can be exempted from the guarantee, and the bank will naturally not come to you again, because it is meaningless; on the other hand, if it is a joint and several liability guarantee for the latter, the bank will definitely sue the guarantor and the borrower as defendants. If the bank If it is difficult to recover the debt directly from the debtor, the debt recovery will definitely be done from the guarantor first. It all depends on the bank's judgment. If the guarantor does not want to get burned, he can only find other repayable assets of the borrower, otherwise he will not be able to escape punishment!
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