Legal subjectivity:

Guaranteeing for others will affect personal credit and personal asset-liability ratio. When you provide a guarantee for a friend, the loan account in the friend's name will also be recorded in your personal credit record. If a friend is overdue or fails to repay his debt, it will affect his personal credit record. In addition, if you provide a guarantee for a friend, the friend's debt is also your debt. Until the friend pays off everything, the debt-to-asset ratio is virtually increased. If the personal asset-liability ratio is too high, you will not be able to obtain a loan. Therefore, even if you are a guarantee for others, as long as the borrower has a good credit record and a strong repayment ability, you can apply for a loan from a lending institution. Legal objectivity:

Article 388 of the "People's Republic of China and Civil Code" to establish a security interest shall conclude a security contract in accordance with the provisions of this Law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with guarantee functions. The guarantee contract is a subordinate contract to the main creditor's rights and debts contract. If the principal creditor's rights and debts contract is invalid, the guarantee contract shall be invalid, except as otherwise provided by law. After the guarantee contract is confirmed to be invalid, if the debtor, guarantor and creditor are at fault, they shall each bear corresponding civil liability based on their faults.