1. There is no collateral

2. The required funds are relatively large, and the collateral valuation is insufficient

3. The repayment ability is insufficient

4. Foreigners borrow money locally

5. There are many risk items evaluated by credit information based on various assets and liabilities

6. The types of loans made by themselves are as follows. Therefore, as a guarantor, you must sign your name on the agreement, or even draw a pledge, which is the most basic condition for fulfilling the guarantor's obligations.

iii. Guarantor refers to the agreement between the third party and the creditor that when the debtor fails to perform the debt, the third party will perform the debt or assume the responsibility according to the agreement. The third party here is the guarantor, including legal persons, other organizations or citizens who have the ability to pay off the debt on their behalf. According to Article 3 of the Guarantee Law of the People's Republic of China, guarantee activities should follow the principles of equality, voluntariness, fairness, honesty and credibility.

4. What are the rights of being a guarantor?

according to the guidelines of the central bank, the guarantor has the following rights:

1. He can hold a guarantee contract and other relevant documents.

2. As long as the borrower agrees, you can know the loan amount from financial institutions.

3. You can sue the borrower if you need to repay the debt owed to the finance company for the former. The guarantor usually receives a copy of the debt collection letter to the borrower.

4. Only one specific loan can be guaranteed. If after several years, the borrower wants to increase the loan amount, he must make a new loan application, or at least obtain the written consent of the guarantor to guarantee the new loan.

5. unless the borrower defaults and fails to repay the loan, the financial institution can recover the debt from the guarantor.

6. financial institutions must send the letter of demand for repayment to the guarantor before they can recover the debt from the latter.

(Note: All guarantors should be informed of the above rights, regardless of whether the rights are in accordance with the Bankruptcy Act of 1967 or the guidelines of the central bank for lending institutions to accept loan guarantees. (1) During the guarantee period, if the creditor allows the debtor to transfer the debt, it shall obtain the written consent of the guarantor, and the guarantor shall no longer assume the guarantee responsibility for the debt transferred without his consent.

(2) If the creditor and the debtor agree to change the main contract, they shall obtain the written consent of the guarantor. Without the written consent of the guarantor, the guarantor will no longer bear the guarantee liability. Unless otherwise agreed in the guaranty contract, such agreement shall prevail.

(3) if the guarantor of a general guarantee and the creditor have not agreed on the guarantee period, the guarantee period shall be six months from the date when the performance period of the principal debt expires. If the creditor fails to bring a lawsuit against the debtor or apply for arbitration during the guarantee period stipulated in the contract and the guarantee period stipulated in the preceding paragraph, the guarantor shall be exempted from the guarantee liability.