stanislav berenwald has all the details in the program instructions. faced a request from close relatives or friends to become a guarantor for a loan. one visit to the bank, a few signatures, and the person receives the money. in fact, in such a scenario, you need to immediately turn off your emotions and think about serious financial responsibility. what? consists, we will tell you in 5 minutes in this issue of the program instructions. first of all, you need to understand that a guarantee is not an easy formality, not just for show in the contract, it is a real readiness to fulfill the borrower’s loan obligations. simply put, consent to return debt if he stops paying. in most cases, the creditor stipulates joint and several liability in the contract. this means that the bank can demand payment of the debt both from the borrower and the guarantor at the same time, and from each individual...in whole or in part. another option is subsidiary liability, when the guarantor pays if it was not possible to collect the money from the borrower. as a rule, bank