But there may be other effects, especially after the new credit information system is launched, giving guarantees to others will affect your credit information record.

If you sign a deduction agreement with the bank when you give the guarantee. Will not deduct money from your credit card. If your friend can't pay back the money, you have to pay it back, and giving others a guarantee can also affect your credit history.

There are also many disputes arising from the guarantee. There are many cases where the debtor is missing and the guarantor is responsible. In other places, there have also been cases where debtors run away and the guarantor's deposits and wage accounts are frozen and deducted. In real life, people often make a guarantee for others because of their feelings. If the debtor fails to perform the due debt, the guarantor will bear the repayment obligation. Therefore, you must think twice before vouching for others.