Should you sign as a guarantor ?
Did you sign as guarantor anytime for your friend, relative, or anybody else? These days, Risk management is very crucial for any organization. To be on the safe side, Many the organization is asking for the guarantor for any loan, which they are offering. So, most of us are signing the loan agreement as guarantor, as the applicant may be our friend/relatives etc. But, the unknown fact is some of the organizations are adding the guarantor as the co-applicant of the loan, where they signed as the guarantor. In case, if you move to any financial institution for any loan, you will be surprised to see, that bank will be asked to clear those debts first, but in fact that debts are unaware of you and don’t even you remember yet all, because those are not your debts. Here you should ask the banker, before signing and read the documents carefully, before where you are signing. So, next time, when you are signing the document, in fact, write under your sign as (guarantor). It will