Guaranty Agreement Launched

A guaranty is a promise by one party to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract.

The document itself that details your agreement to repay is also called a 'guaranty'.

An example might be if your friend takes out a loan, and you agree to act as a co-signer. You are legally liable to repay that debt. A guaranty agreement ensures that you will be obligated to repay and this in turn secures the lender's investment.

Our guaranty agreement takes into account several factors that can affect repayment, for example the presence of a second creditor, and the specification of a termination date for the agreement. This makes our agreement longer than most of our competitors, but also more thorough and secure for both the lending and co-signing parties.