The guarantee may have the following risks: personal credit information may be affected to help others borrow money, no problem. If he fails to repay the loan on time, resulting in a credit stain, the personal credit of the loan guarantor will also be affected, and it will be seriously blacklisted. When applying for a loan, the credit line may be affected. When we apply for a loan, the bank will decide the credit line for the loan applicant according to the applicant's qualification. If you help others to guarantee the loan when applying for the loan, the credit is already in use, and the bank will comprehensively consider the credit risk. At this time, your loan limit may be affected, which will be much lower than the actual credit limit. The possible responsibility is to help the lender repay the loan on his behalf when he is unable to repay the loan himself. Some people don't know what a loan guarantor does. Others asked him to help as a loan guarantor, and they left without saving face. But you must first know the responsibility of the loan guarantor, and also know whether the person who needs your help as a loan guarantor is reliable. Once the lender is unable to repay, his loan application will not come down for this reason, and financial institutions will refuse to give you a loan because you guarantee the person who is unable to repay, thinking that your risk is high.

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Article 681 Where a suretyship contract realizes the creditor's rights, the surety and the creditor agree that the surety shall perform the debts or assume the liabilities in case of debts or the circumstances agreed by the parties. It is not difficult to see from the above terms that no matter what form of guarantee, once the guaranteed debtor has the risk of paying off the debt, it is economically fearful.

Article 686 The forms of guarantee include general guarantee and joint liability guarantee. In a suretyship contract, if the parties have not agreed on the suretyship method or the agreement is unclear, they shall bear the suretyship liability.

Article 687 Where the parties agree in the suretyship contract that the debtor's witness shall bear the suretyship liability, the debtor's witness shall have the right to refuse to bear the suretyship liability to the creditor before the contract is tried or arbitrated and the debtor's property is enforced according to law, except in any of the following circumstances:

(1) The debtor's whereabouts are unknown and there is no property available for execution; (2) The people's court accepted the bankruptcy case of the debtor;

(3) The creditor has evidence to prove that the debtor's property is insufficient to perform all debts or cannot perform debts;

(4) The Guarantor waives the rights stipulated in this clause in writing.

Article 688 Joint Liability Guarantee Where the parties to the joint liability guarantee stipulate in the guarantee contract that the guarantor and the debtor shall bear joint liability for the debt, it is a joint liability guarantee.

2. What are the risks for me to be an economic loan guarantor for others?

Be careful when making promises. This will be joint and several liability.

If your friend can't repay the loan, the bank will hold you accountable.

Third, did you guarantee credit at the meeting?

If it is to help people guarantee loans, this is a credit report. Guarantor equals debtor. Where the debtor is jointly and severally liable, if it cannot repay the debt for free or cannot fulfill its repayment obligations. Then the guarantor is responsible for repayment. Therefore, being a guarantor is risky, and you must carefully consider the risks and consequences before deciding to be a guarantor.

What are the risks of giving a friend a loan as a guarantor?

Legal analysis: the guarantee may have the following risks: personal credit may be affected to help others make loan guarantees, and if the other party repays in full and on time, it will be fine. If he fails to repay the loan on time, it will lead to a credit stain, and the personal credit of the loan guarantor will also be affected, which will be seriously blacklisted. When applying for a loan, the credit line may be affected. When we apply for a loan, the bank will decide how much credit to give to the loan applicant according to the applicant's various qualifications. If you apply for a loan and help others guarantee the loan, the bank will consider the credit risk comprehensively. At this time, your loan amount may be affected, which will be much lower than the actual credit amount. You may not be able to apply for a loan. The responsibility of the loan guarantor is to help the lender repay the loan on his behalf when the lender is unable to repay the loan himself. Some people don't know what a loan guarantor does. Others asked him to help as a loan guarantor, and they left without saving face. But you must first know the responsibility of the loan guarantor, and also know whether the person who needs your help as a loan guarantor is reliable. Once the lender fails to repay the loan, the loan guarantor will be unable to apply for various loans for this reason, and the financial institution will refuse to give you a loan because you guarantee the person who can't repay the loan. Legal basis: Article 68 1 of People's Republic of China (PRC) Civil Code defines a guarantee contract as a contract to guarantee the realization of creditor's rights. The guarantor and the creditor agree that when the debtor fails to perform the due debt or the circumstances agreed by the parties occur, the guarantor will perform the debt or assume the responsibility. It is not difficult to see from the above terms that no matter what form of guarantee, once the guaranteed debtor has economic panic, the guarantor will bear the risk of repaying the debt for the guaranteed. Article 686 The forms of guarantee include general guarantee and joint liability guarantee. If the parties have not agreed on the way of guarantee or the agreement is unclear in the guarantee contract, they shall bear the guarantee liability according to the general guarantee. Article 687 A suretyship contract stipulates that the surety shall bear the suretyship liability when the debtor fails to perform the debt, which is a general suretyship. The guarantor of a general guarantee has the right to refuse to assume the guarantee liability to the creditor before the main contract has been tried or arbitrated and the debtor's property has been enforced according to law, except in one of the following circumstances: (1) The debtor's whereabouts are unknown and there is no property for execution; (2) The people's court accepted the bankruptcy case of the debtor; (3) The creditor has evidence to prove that the debtor's property is insufficient to perform all debts or cannot perform debts; (4) The Guarantor waives the rights stipulated in this clause in writing. Article 688 Joint Liability Guarantee Where the parties to the joint liability guarantee stipulate in the guarantee contract that the guarantor and the debtor shall bear joint liability for the debt, it is a joint liability guarantee.