Help others become guarantors. What does it matter if others don't pay back the money?

(a) Helping others to provide loan guarantees may affect personal credit. If the other party pays in full and on time, it will be fine. If he fails to repay the loan on time, it will lead to a credit stain, and the personal credit of the loan guarantor will also be affected, which will be seriously blacklisted.

(II) When applying for a loan, the credit limit may be affected. When applying for a loan, the bank will decide how much credit line to give to the loan applicant according to the applicant's various qualifications. When applying for a loan, if you help others to guarantee the loan, the bank will comprehensively consider the credit risk. At this time, the credit limit of your loan may be affected, which will be much lower than the actual credit limit!

(3) It is possible to fail in applying for a loan. The responsibility of the loan guarantor is to help the lender repay the loan on his behalf when the lender is unable to repay the loan himself. Some people don't know what a loan guarantor does. Others asked him to help as a loan guarantor, and they left without saving face. But you must first know the responsibility of the loan guarantor, and also know whether the person who needs your help as a loan guarantor is reliable. Once the lender fails to repay the loan, the loan guarantor will be unable to apply for various loans for this reason, and the financial institution will refuse to give you a loan because you guarantee the person who can't repay the loan.

First, the third party and the creditor agreed that when the debtor fails to perform the debt, the guarantor will perform the debt or bear the responsibility according to the agreement. The third person here is a guarantor, including a legal person, other organization or citizen who has the ability to pay off debts on his behalf.

2. If the debtor transfers all or part of its debts to a third party, it shall obtain the consent of the creditor. In the creditor-debtor relationship provided by the third party, the subjects involved are creditors, debtors and guarantors. Where the debtor transfers the debt, it shall obtain the written consent of the guarantor. The guarantee provided by a third party is generally based on its trust relationship with the debtor or its knowledge of the debtor's assets and reputation. In the guarantee relationship, if the debtor transfers the debt without the consent of the guarantor, it will bring greater risks to the guarantor, because the guarantor may know nothing about the new debtor. Although the establishment of security interest is mainly to ensure the realization of creditor's rights, it also takes care of the interests of the guarantor, especially when the guarantor is a third party other than the debtor. How to balance the interests of the guarantor, the guaranteed party and the debtor is very important.