The consequence of helping a sister with a loan is that the user needs to bear and fulfill the obligation of repayment. Guarantor refers to the promise made by the guarantor and the lender, which means that when the debtor fails to perform the repayment, the guarantor undertakes and performs the repayment obligation according to the promise. If the guarantor is jointly and severally liable for the guarantee, once there is a problem, the debt problem will fall on the guarantor, and the guarantor has no way to refuse. If the user's sister does not repay, the user needs to repay for the user's sister. The above is about the consequences of helping my sister borrow money.

Will being a guarantor affect credit reporting?

Generally speaking, being a guarantor will not affect personal credit information. If the guarantor fails to perform the judgment obligation or the judgment of the court, it will affect the personal credit information and even produce a bad credit record. After that, going to banks or other large financial institutions to handle various loans such as car loans and mortgages will be blocked. According to the regulations, the guarantor shall be jointly and severally liable for repayment. If the borrower's repayment is overdue, the guarantor has the obligation to bear the corresponding repayment responsibility. Failure to bear the corresponding responsibilities will affect personal credit information. This article is mainly about the consequences of helping my sister borrow money, and the content is for reference only.