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Which parts of a guarantee deserve separate attention?
Its scope is not established by a short description such as helping someone qualify.
Read the guarantee itself alongside the loan documents and seek independent advice where appropriate. Do not infer that a guarantor owes only a share or will be contacted before liability arises.
Details
- Identify the amount received and the opening balance
- Read fee treatment in the written offer
- Compare the dated repayment schedule
Before you compare offers
Prepare your application document list
Keep a written offer open while you locate the amount received, charges and total amount repayable.