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DasOrakel
1 year ago

Creditors and guarantors are generally different persons.

However, the burden is quasi liable for the borrower, so it is in some way in the same obligation.

juergen63225
1 year ago

If a borrower is and the other guarantor, then the credit only runs on the borrower, which is only advertised and even when the bank is retrieved on the guarantor, the thing is not done only that then the guarantor can demand the repayment (always).

JollySwgm
1 year ago

The loan will then only run on the name of the borrower.

You’re a guarantor, but you’re just like the borrower himself!

archibaldesel
1 year ago

Just the applicant. This does not free you from liability.

vogerlsalat
1 year ago

To the applicant, if he doesn’t pay you’re on.