Your lender needs to contact the guarantor directly 📲
⇒ To make sure they understand and are happy with their loan responsibilities
- They will also want to make sure the guarantor can afford the monthly payments if they ever have to make the payments for you
- As well as having enough money to live their normal life – this is responsible lending from the lender.
- They do not want to cause your guarantor any issues in the future.
- By contacting your guarantor directly before the loan is paid out, they can be confident this isn’t likely to happen.
> Everything you ever wanted to know about being a loan guarantor <
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