Guarantor vs Co-signer: What’s The Difference and Which One Should You Choose
When applying for a loan, lease, or other financial agreement, lenders aim to minimize their risk. One common way to do this is by requiring a second party either a guarantor or a co-signer, to support the borrower. While both roles serve to back the borrower, they differ in responsibility, credit involvement, and legal exposure. Understanding these differences is essential to making wise financial decisions and avoiding unexpected liabilities.
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