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Guarantor

What Does Guarantor Mean?
A person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.

Investopedia explains Guarantor
Usually, people with poor credit can only get a loan if they have a guarantor.

Related Terms

Credit Rating
Creditor
Default
Demand Guarantee
Impaired Credit
Loan
Proof Of Funds - POF
Signature Guarantee
Surety
Uniform Rules For Demand Guarantees - URDG
More Related Terms

Related Links

The Importance Of Your Credit Rating - Do you know how your borrowing activities affect your credit rating? Find out here.
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