GUARANTOR’S OBLIGATIONS:
http://www.facebook.com/groups/mykgcashloan/doc/423603157665261/
If the borrower defaults in payment to the lender the guarantor is liable to make well that default, which could include arrears of principal amount borrowed. It means that you are prepared to pay for someone else’s debts if they do not pay. If necessary, the lender will not even bother bringing action against the borrower, but will sue you for the guarantee you made. After 5 days that the borrower/lendee failure to pay her debt guarantor must pay the said loan amount. So be very clear on your obligations as a guarantor before you agreed in everything…
