A third party who promises to provide payment on a bond , loan , or other liability in the event of default While many guarantees apply to debt instruments , they may also be used for day-to-day expenses For example, a parent may be a guarantor for an adult child and promise to pay rent to a rental agency if the adult child does not do it. Banks often serve as guarantors on behalf of certain clien
$90k in consumer debt is a concern, it would depend on the type of debt as to if this is a problem or not. If it's mostly car loans it should be ok. If it's mostly credit card debt then this wouldn't be acceptable to the banks. The banks worry that you may be living outside of your means if you have a high amount of consumer debt. We'd need to do a full assessment of your situation to see if this