Can a loan guarantor withdraw their guarantee after signing the agreement?

July 29, 2023 | by Author | Posted in Legal Guarantor

The role of a loan guarantor is to provide a financial guarantee to a lender that they will be responsible for repaying the loan if the primary borrower fails to do so. When a person agrees to become a guarantor for a loan, they are essentially co-signing the loan and assuming legal liability for the debt…