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Can five households jointly guarantee to sue for cancellation of joint liability?
I can't.

Five households with joint guarantee loans guarantee each other. If one of the households is in loans overdue, the other four households are responsible. If you want to exempt the overdue loan households from the guarantee responsibility, you need to bear a quarter of the overdue loan amount.

Five-household joint guarantee refers to the guarantee mode of micro-loan business jointly launched by China Credit Cooperative and China Postal Savings Bank.