Nowadays, due to the popularity of loans, various lending institutions have blossomed everywhere, so a large number of loan salesmen are needed accordingly. So, do you know that being a loan salesman is risky?

In fact, as a loan salesman, the main sources of risk are the company and the people who apply for loans, and the interest on unsecured loans is high. Therefore, people who apply for loans have to bear great risks. If the applicant's loss cannot be repaid, this part of the risk is borne by the company and has nothing to do with the salesman. However, the salesman who talks about the loan business with the applicant must be familiar with the conventional guarantee and joint liability guarantee.

I. Conventional loan guarantee

When the applicant lender is unable to repay the remaining debt, the guarantor will repay it on his behalf, but it is necessary to provide the basis for the borrower's inability to repay the loan so as to find a guarantor to pay off the final debt.

Second, joint and several liability loan guarantee.

When the applicant lender repays all the debts within the prescribed time limit, the guarantor must repay the debts instead of the applicant lender.

Therefore, when making a guarantee for the applicant, we must understand the applicant's family status and economic and financial stability, and ensure that the loan can be repaid within the prescribed time limit, so as to be a good guarantor and avoid getting into a lawsuit in the future. If you really need a guarantee, you can ask the lender to be only the guarantor of the conventional guarantee. Therefore, when you are a guarantor, you must carefully choose these two types of protection so as not to bring unnecessary harm to your family.