Get Resident(s): Premises: Dated Guarantor's Information Relationship ...

Your guarantor can be anyone who meets the basic guarantor requirements for a regular (blue) passport in Canada, including a family member or member of your household.

A guarantor (a person with a valid Canadian Passport who has known you for two years) 2 Passport Photos.

A guarantor is a person who can confirm your identity when you are applying for registration under the Indian Act or a secure status card as an adult or as the parent or legal guardian of a child or dependent adult.

The loan guarantor must have a prior personal relationship with the borrower to influence them to make timely payments to the lender. Before becoming the loan guarantor, the loan guarantor must know all the loan factors, such as personal loan interest rate, loan amount, and loan repayment tenure.

Students usually turn to a parent or guardian when looking for a guarantor. However, it's vital for them to have a good credit history or be a homeowner for an agent or landlord to accept. When looking for a private guarantor, tenants will usually look to people in a stable financial position or somebody they trust.

A guarantor is an individual that agrees to pay a borrower's debt if the borrower defaults on their obligation. A guarantor is not a primary party to the agreement but is considered to be an additional comfort for a lender. A guarantor will have a strong credit score and earn sufficient income to meet the obligation.

However, you should only be a guarantor for someone you trust and are willing and able to cover the repayments for. To be a guarantor you'll need to be over 21 years old, with a good credit history and financial stability. If you're a homeowner, this will add credibility to the application.