A credit card guarantor is a person who agrees to pay the credit card debt of another person, should that person not pay it themselves. In this manner, the other person will be given a higher credit limit and a lower interest rate than they would otherwise get, and so some people view being a credit card guarantor as merely being a good and helpful friend or relative. However, there are dangers in doing this and it is a good idea to know what those risks are before agreeing to become a guarantor.
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