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Can a guarantor get their money back from someone who has defaulted on their loan?

Bethany Evans

in Student Loans

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Kristi Hammond on March 30, 2019

No. All the guarantor does not within a transaction is a guarantee that the loan will be paid. No refund of money. In fact, they are fully responsible for repaying the loanf the main borrower. No. All the guarantor does not within a transaction is a guarantee that the loan will be paid. No refund of money. In fact, they are fully responsible for paying the loan if the primary borrower default. No. All the guarantor does not within a transaction is a guarantee that the loan will be paid. No refund of money. In fact, they are fully responsible for paying the loan if the primary borrower default. No. All the guarantor does not within a transaction is a guarantee that the loan will be paid. No refund of money. In fact, they are fully responsible for paying the loan if the primary borrower default.


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