If I sign as a guarantor can I apply for a loan in the future?

6. If I am the guarantor of a badly paid loan, how can I get a loan?

How can I apply for a loan in the future?

We have summarized in 7 points, everything concerning the responsibilities of the guarantor of a loan or mortgage, what are the possibilities, the constraints and the opportunities, then a summary to answer the question ” If I sign as guarantor can I apply for a loan in the future? “.

If you need a loan, whether you are the guarantor of a repaid loan, be it with problems reported in the databases, entrusted to us.

We positively evaluate your credit application, even if it is a bad payer. Get in touch with our experts, discover the details of our solutions. Few information is sufficient and with a click you will forward your request.

This will not be reported to global company and other databases. Within 24 hours of sending, we will contact you directly, free of charge and without obligation. 

1. If I act as guarantor, can I apply for a loan?

1. If I act as guarantor, can I apply for a loan?

 Signing a guarantor for a financing practice does not prevent you from receiving a loan in the future. The only obstacle that could arise is a possible default by the applicant in the loan granted to him for which you are to act as guarantor.

It must be said, however, that in case of difficulty on the part of the principal applicant in paying the loan, in order to avoid mutual reporting, you will have to act as guarantor in repaying the credit installments to avoid reporting in global company as a bad payer. It means that you will have to anticipate the monthly payment of the individual deadlines.

2. So if those who get funding do not pay, do I have to intervene?

 Yes. If the surety (one who ensures the regularity in payment of installments failure to do so by the first applicant) does not pay the installments in place of the applicant (who has requested and obtained the sum of following the ‘delivery’ money financing), both will be reported in the database and therefore, as a guarantor of the loan reported in global company, you will have problems obtaining a new loan in the future.

In any case, if you sign up as a guarantor, it is not forbidden to ask for a sum of money in the future, even if the loan payment to which you act as guarantor could be considered as a commitment.

3. Guarantor of a Loan: I am notified by the bank or financial institution in case of non-payment of an installment?

3. Guarantor of a Loan: I am notified by the bank or financial institution in case of non-payment of an installment?

 The financial company does not notify those who sign as guarantor in the case of non-payment of the installments, so you will have to be directly interested in the regularity in the amortization plan. So many people have reported this thing, or to have learned to be reported for a badly paid loan, only at the time of a new request for money through a loan.

The lending agency will not bother to notify the guarantor of the loan, it is in your interest to keep you updated on the regular repayment of the installments.

4. What happens to the Guarantor if the Loan Applicant does not pay?

 To learn more about this topic, we present below an article written by us, which will give you the opportunity to understand all the consequences that may be related to the guarantor when a loan is paid with irregularities. 

We have reported in detail the responsibilities for those who sign the second signature in a financing contract.

5. Can the Guarantor of a Mortgage Apply for a Loan?

5. Can the Guarantor of a Mortgage Apply for a Loan?

Can a mortgage sponsor apply for a loan? Yes, the guarantor of a loan can apply for both a loan and a mortgage, but obviously to ensure that the request is accepted, it is necessary to respect the conditions.

Obviously, you have to have a good demonstrable income and the economic situation must be stable. We list in 5 short points, on what is assessed the loan request of a guarantor:

  1. The amount of the loan for which you are the guarantor
  2. The amount of the loan installment
  3. The duration of the debt
  4. The income received
  5. At least 8 months must pass from the signature of the previous amount paid as guarantor

6. If I am the guarantor of a badly paid loan, how can I get a loan?

 In this case, when we talk about loans that are not paid or paid late, we know that the name is in a database and is referred to as a bad payer, so getting a personal loan is very difficult, but fortunately there is a solution.

In fact, through our company you can get new liquidity quickly and easily. Get the money you need now, get in touch with our experts.

7. So if you act as guarantor you can have a transfer of the fifth?

7. So if you act as guarantor you can have a transfer of the fifth?

Obviously, yes! To find out in detail these loans click here for the transfer of the fifth, while click here for the payment proxy.

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