What legal responsibility does the car guarantor need to bear? The loan guarantor's responsibility refers to the agreement between the guarantor and the borrower that when the borrower fails to repay the loan, the guarantor will perform the repayment responsibility as agreed.
Guarantee is generally divided into general guarantee and joint guarantee. In general, the bank will look at whether you have a general guarantee or a joint guarantee. If it is a joint and several liability guarantee, you can choose between the borrower and the guarantor, which is easy to implement and which is implemented first.