According to the enquiry of China Travel Service. Com, the third-party payee is actually a loan guarantor, and the guarantor has a guarantee and joint liability for the debtor's debt, so there will naturally be risks. If the third-party payee is also the guarantor, it needs to bear greater responsibility. The most important thing is the repayment responsibility. When the third party payee is the guarantor, the guarantor shall bear joint and several liabilities. Once the borrower is unable to repay the bill, the guarantor shall bear the responsibility of repaying the loan.