Does becoming a loan guarantor affect your credit score? Key risks borrowers and guarantors should know
· livemint.com
Becoming a loan guarantor can affect your credit score, borrowing capacity and financial stability if the borrower misses EMIs or defaults. Know the key risks, credit impact and precautions before signing a loan guarantee.
Acting as a loan guarantor might be a straightforward way to help a friend, colleague, or relative secure financing during challenging economic times. However, ...