Who are the guarantors?

A guarantor is someone who agrees to be responsible for paying the loan if the borrower defaults.

Is the patient guarantor?

Guarantor: The person responsible for payment of rendered services. The guarantor is customarily the person bringing the patient in for treatment. This person is not necessarily the same as the subscriber. Health Care Provider: A person who is trained and licensed to give health care.

What type of person can be a guarantor?

To be a guarantor you'll need to be over 21 years old, with a good credit history and financial stability. If you're a homeowner, this will add credibility to the application.

What is an example of a guarantor?

A guarantor is someone who agrees to pay your rent if you don't pay it, for example a parent or close relative. If you don't pay your landlord what you owe them, they can ask your guarantor to pay instead. If your guarantor doesn't pay, your landlord can take them to court.

Who is the guarantor on a bond?

A guarantor is someone who agrees to be responsible for paying the loan if the borrower defaults. For example, if you were a guarantor for someone who is unable to repay his renovation loan, you could end up repaying the loan for him. You could effectively be paying for the renovation of his flat.

What is the difference between the guarantor and the patient?

Guarantor: The person responsible for payment of rendered services. The guarantor is customarily the person bringing the patient in for treatment. This person is not necessarily the same as the subscriber. Health Care Provider: A person who is trained and licensed to give health care.

Who is a guarantor?

What does being a guarantor mean? Being a guarantor involves helping someone else get credit, such as a loan or mortgage. Acting as a guarantor, you “guarantee” someone else's loan or mortgage by promising to repay the debt if they can't afford to. It's wise to only agree to being a guarantor for someone you know well.

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