Frequently Asked Questions

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  4. Do guarantors need to have a debit card?

Do guarantors need to have a debit card?

YES 💳

The guarantor’s debit card is typically used as

  1. A form of ID check – so the lender knows that they are dealing with the correct person
  2. Source of loan repayment funds if the borrower stops paying

This will, therefore, need to be available for the loan application.

 


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