Find out What a Guarantor Is and What It Means | For Loans of Any Kind


When applying for a loan or a financing, the bank or financial institution will ask you to present some assurances that you will pay the requested amount before releasing the financial transaction. One of these guarantees is the guarantor. Further editorial at

But if someone has asked you to be the guarantor and you do not know exactly where to start or what it means, check out the information we separate about the duties of a guarantor:

What is the guarantor?

The guarantor is the person indicated by the lender when applying for the loan or financing and she who will be present in the contract and will be officially responsible for the payment of the debt if the person who requested the loan can not make it within the requested date.

Types of guarantors

Solidary guarantor

It is the one who is responsible for the debt in the act of the agreement.

Subsidiary Guarantor

It is responsible for the debt after the use of the property, is usually the most common type used, and applies in cases of rental of real estate.

Before you accept being a guarantor of someone, it is important to understand what your role is and what the implications are in your life.

How to become a guarantor?

How to become a guarantor?

Before signing any contract as guarantor, it is important to be clear that if the person does not pay the debt, the guarantor will be responsible for the payment, and if he does not do so, he may have the name denied.

In addition, if the payment does not occur, the debt may fall on all your assets. Therefore, it is important to be sure of how the agreement will be made and whether the person will be able to make the payment.

By agreeing to become a guarantor of some financial transaction, the bank will request a proof of income and will carry out a query of the name in the EDT and in the Prosa, in order to verify possible denials of the CPF.

To feel more comfortable being a guarantor, it is possible to request the sending of proof of payment of the installments monthly. Or even if the lender makes some advance payment. Thus, the guarantor can control the progress of payment of debt or rent.

What to do if the lender does not pay the debt?

What to do if the lender does not pay the debt?

If the creditor does not pay the debt and the guarantor has to bear the value, it is possible to file a lawsuit against him. It is only important to mention that the process can take several years and the guarantor gain is not guaranteed.

If you still have any doubts about what it is to be a guarantor and what the implications might have on your life, leave your questioning in the comments. And do not forget to share this article with your friends on social networks. To the next!

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