A credit is the money that a financial institution grants you as a loan so you can meet your goals or consolidate your debts. But, this goes beyond obtaining an amount of money, it is a support that drives you to grow, develop, feel relieved and commit to achieving your goals. “Apart from incurring privacy, it also affects how quickly you can get the credit.”
In several banking or financial institutions, one of the primary and important requirements is to have a guarantor. What is a guarantor? It is a person that guarantees the payment of a financial responsibility that another person acquires, that is, in case the indebted person cannot pay, all the responsibility will fall on the guarantor, this person must make the payment and pay off the debt. Apart from incurring privacy.
It also affects how quickly you can get the credit
Many of the times for which we ask for a loan is usually an emergency or unforeseen, so we do not want to waste so much time in long processes or in looking for a guarantor, this is the first point to demonstrate that a credit without guarantor is your best option .
Speed: Getting someone who trusts you to such a degree of accepting to be your guarantor can be very difficult and time consuming, add to this the process of the institutions in studying and accepting it. An eternity! By the time the process is finished, you will have forgotten what you needed that money for. Confidentiality : It is uncomfortable for people close to you to know your plans, finances and even the amount you plan to obtain. Privacy is the main key to success. The less noise you make, the more results you will get. “The responsibility of asking for a loan is a decision that should only be in your hands.”
The responsibility of requesting a credit to suit you is a decision that should only be in your hands. This will increase your commitment to the institution and not fail any of your payments, so that you take care of your Financial Health. Risks: Well they say; “Friendship with all, trust with few”. Make sure you don’t disclose your credit amount with other people, focus on your goals for which your money is destined and don’t lose sight of it, the faster you use it, the faster you’ll be relieved to have invested it.
Many people resort to disclose their amount or have a guarantor who is not fully trusted, this can be dangerous for your physical and economic integrity.
The great risk of being reliable
Taking into account the legal obligations involved, the trustworthy person can lose a lot financially, even have legal problems.
If the person fails to pay, the guarantor pays. If the guarantor cannot pay, they can go to legal charges. If the person fails to pay, the guarantor is impaired in their financial health and credit record. Do not waste time, apply to a credit without surety!