Tag loan guarantor
While being a loan guarantor you may be helping a friend or relative but do you know any default by the primary borrower can land you in serious trouble and you may need to repay the outstanding amount.
Basically a loan guarantor is someone who is legally liable to pay off the loan or the outstanding loan amount, in case if the primary applicant is unable to repay it. A guarantor can be anyone from your family, friends… Continue Reading →
Nowadays banks have the facility to get all credit information of the applicants, thus it is not easy to hide anything from banks. All banks have access to access any type of credit data through CIBIL ratings and remarks. This… Continue Reading →