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What is a Guarantor?

Sometimes borrowing money can be difficult. Creditors might be afraid to touch us if we have no real credit history. We can appear like too much of a risk. This is where a guarantor comes into the picture. Having one of these people in our corner can greatly increase our chances of getting a loan. Of course it is not always easy to find such a useful personage; especially one that the bank will be willing to accept.

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