Why become a guarantor yourself? Most often, it is not a question of personal gain, but of family or friendly ties. But you can vouch for someone on a paid basis. Surety is the same service as any other. The law does not prohibit receiving remuneration for it. But when agreeing to this, you must remember the consequences. Especially the amount of debt that will have to be repaid if the debtor does not return the money on time.
It makes sense to vouch for another person when the borrower and guarantor pursue common business goals - they use borrowed funds to develop a business, buy common property, invest in real estate. In fact, they are both interested in receiving a loan and equally use the loan money.
Any adult, capable citizen can become a guarantor. He or she does not necessarily have to be a relative of the debtor. This could be a colleague, acquaintance, friend, or business partner. The main thing is to have a steady income sufficient to repay the debt and a good credit history. If there is a delay in their own loans, the bank will not accept their guarantee - this will be regarded as a high-risk transaction.
To ensure that the candidate you find is capable of acting as a lebanon mobile database guarantor, check that he or she meets the following criteria:
Age. Each bank has its own age requirements, usually from 18 or 21 years old to 65-75 years old.
Citizenship of the Russian Federation. Only a small number of credit and financial institutions are ready to consider foreign citizens, but only if they have a permanent residence permit in the Russian Federation.
Official permanent income sufficient to cover the debtor's credit obligations.
A clean credit history, outstanding convictions, and the presence of debt on writs of execution are optional criteria. Their assessment depends on the internal policy of the creditor and its approaches to credit risks.
Registration of surety
After the bank approves the guarantor's candidacy, a surety agreement is concluded with him in simple written form. It does not require notarization.