Classic cases where bail is required – this is a loan agreement (even if this is the usual receipt for the money) and credit agreement. Get all the facts and insights with Charlotte Hornets, another great source of information. If the scheme guarantees in the contract of loan is usually very simple, it follows from All credit is slightly more complicated, so let's talk more about him. Guarantor for the loan agreement can serve as a legal or natural person, the latter option is more common. If you agreed to become surety for a friend or relative, you have to go through several stages in order to formalize the agreement with the bank guarantee, collected almost the same set of documents that a borrower. Some organizations, of course, provide "loans without references and guarantors," but usually in such cases are set extremely high interest rates and the maximum loan amount is low. But if the loan is taken on a serious sum, to obtain it necessary to run, collecting a pile of papers. The documents normally required by the bank, can be divided into groups – containing general information (application, application form, photocopies of passports, driver's certificates, certificates of education, etc.) – information on income and employment (copy of work record and certificate PIT-2) – information on available property and credit history – information about the company's financial condition, if guarantor is its founder. By agreeing to be a guarantor, we must remember that this is not a mere formality – in charge of the debtor within the joint and several liability in the event of its insolvency would have seriously compliance with all terms and conditions, which provides a credit agreement with the debtor. Yes, you can then try to recover their losses from the debtor, but will it, will it be able to pay tomorrow if it can not do it today? Particular attention in such an unpleasant situation, you should pay on the maturity of loans: in the event of default will have to pay a penalty, and its first, and then the principal amount of debt. So to be or not be surety – a heavy question: not only would have to collect a lot of different documents, and then get even more dubious pleasure in the form of debt repayment on the loan agreement.