This form is a Guaranty. The form provides that the guarantor assures the full and prompt payment of all obligations incurred by the payor.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Think about your financial situation, the borrower’s reliability, and your willingness to take on that risk. It’s like weighing the pros and cons before jumping in!
Yes, there are some variations! You can have full, limited, or even unconditional guaranties. It’s like choosing your level of involvement.
If the borrower defaults and the lender comes after you, it could ding your credit score. They’ll treat it like an unpaid bill, so handle it with care!
When you sign, you're putting your own assets on the line. If things go south, you could lose personal property. It’s a big leap of faith!
Usually, landlords or lenders ask for it, especially when they’re unsure about a business’s ability to repay. It's like saying, 'I’ve got your back!'
Trusted and secure by over 3 million people of the world’s leading companies