How to cancel the credit card (debit card) guaranteed by others?

How to release the guarantee for a credit card (debit card) that has been guaranteed to others depends on the relevant stipulations in the guarantee contract. Usually the guarantee time of the guarantor shall be based on the guarantee time agreed in the contract. When the guarantee expires The contract is automatically terminated, generally based on the validity period of the credit card (credit card).

However, if you want to cancel the guarantee before the guarantee period expires, the guarantor can negotiate with the cardholder to terminate the guarantee contract in advance, or ask the cardholder to pay off the credit card (debit card) and cancel it. Release of guarantee.

The best way to cancel the guarantor

The best way to cancel the guarantor is to cancel the guarantor in the following ways:

1. If you borrow money After the borrower has repaid all the debts, the guarantor can apply to the bank to revoke the guarantee;

2. You can negotiate with the borrower and request to change the guarantor;

3. If the borrower is Others deceive or coerce, because what is done in this case is untrue, the guarantor can consult the legal department whether the guarantee can be revoked;

4. The borrower colludes with other parties , fraudulently provide guarantee, because what is done in this case is untrue, the guarantor can also consult the legal department whether the guarantee can be revoked. Guarantee is used by the bank to prevent the borrower from being unable to repay the loan, or otherwise being unable to continue repaying the loan. In order to reduce the bank's losses and prevent people's private property from being stolen, the guarantor actually becomes the second borrower. In addition, if the parties agree in the guarantee contract that when the debtor cannot perform the debt, the guarantor shall bear the guarantee liability, it is a general guarantee. The guarantor of a general guarantee may refuse to assume guarantee liability to the creditor until the main contract has not been tried or arbitrated and the debtor's property has been enforced in accordance with the law and the debtor cannot perform the debt.

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How to cancel the guarantor of Bank of China credit card?

The guarantor of the Bank of China credit card cannot be canceled at will, and the guarantee obligation will be terminated when the guaranteed credit card is cancelled. \\Related to the guarantor: \① If the guaranteed person fails to repay the debt, he shall be responsible for the repayment; \② After the guaranteed person repays the debt overdue or fails to repay the debt, in addition to assuming the repayment responsibility, he will also be recorded as the guarantor. Credit record; \③ When applying for a loan during the guarantee period, the bank will comprehensively measure its repayment ability and need to consider repaying the guaranteed part. The chance of loan approval is small; \④ During the guarantee period, the loan will be approved, but the loan interest will be 10% higher than the normal interest. %~20%.

This is the end of the introduction on how to cancel the credit card guarantor and whether the guarantor can cancel the guarantee. I wonder if you found the information you need?