Loan guarantors are very risky. Do not guarantee casually. Once the lender cannot repay the loan, it will bear joint repayment responsibility and return all bank loans.

There once was a friend who, about ten or twenty years ago, worked with several friends to guarantee a loan of 1 million yuan for a friend. 20 years ago, 1 million was a huge sum of money. Therefore, joint guarantee is needed. Banks do not trust a person without sufficient assets and dare not guarantee it. The result is that the shopping mall is like a battlefield, the business fails, the friend becomes impoverished and cannot repay the bank loan, and the bank directly sues for guarantee. People repaid the loan and fought several lawsuits. In the end, they lost the lawsuit and lost money.

Listed companies are also the hardest hit by illegal guarantees. As of June 2018, according to Choice data, A-share listed companies The guaranteed balance once soared to 4.6 trillion. Since 2019, 18 A-share listed companies have been "ST" due to illegal guarantees or capital occupation by major shareholders.

After the illegal guarantees of listed companies are exposed, they will be sued by creditors, their bank accounts will be frozen, and even bank assets will be forcibly transferred. Their operations will be severely damaged. Most of them will quickly fall into trouble, and then a debt default will occur. , huge losses, etc., and even face the embarrassment of delisting. Turning a good company into a junk asset, Oupuzhi.com plummeted after resuming trading due to illegal guarantees and other reasons. Within 35 trading days, it encountered 31 lower limits, and then the stock price fell to as low as 1.05 yuan.

Many times, we cannot judge a person's integrity. Once we misunderstand human nature, we are asking for trouble, and even push ourselves into a desperate situation and fall into an abyss of no return. Once you lose money, your efforts are in vain.

The bosses, or actual controllers, of some companies will not serve as the legal representatives of the company themselves, nor will they serve as shareholders of the company themselves. They often arrange for employees of the company to serve as legal representatives or to have employees hold shares of the company on their behalf.

When a company needs a loan, the boss or the actual controller will often put in good words for these employees and promise small benefits, just sign a name, it’s nothing, I’m here! At this time, if employees sign the guarantee contract, they may face very high risks.

A real case. The client was just a farmer who had worked in the city for many years. He had some savings, bought a house, and his life was getting better and better. One day, a company was recruiting executives with very high salaries. He went for an interview and was eventually hired. The owner of the company arranged for him to serve as the legal representative, and he also held shares on behalf of the owner, making him the major shareholder. He agreed without thinking too much. Later, under the boss's operation, the company obtained loans totaling more than 80 million yuan from multiple banks. He and his spouse were joint and several guarantors. Not long after, the boss had no money to repay the bank and ran away. The court ruled that they were jointly and severally liable, auctioned off their only house, and deducted their savings for many years. Once they returned to the past, they were blacklisted by the court. , it can be said that it is not as good as before. They may not be able to repay these debts in their lifetime.