What is a loan guarantor and how does it affect your credit score? | Mint

What is a loan guarantor and how does it affect your credit score? | Mint

Source: Live Mint While applying for a personal loan, an individual has to fulfil various eligibility criteria. Some of these include age, income, credit score, debt-to-income (DTI) ratio, profession, work experience, etc. What if the loan applicant’s income is lower or credit score is lower than the bank’s personal loan eligibility requirements?  In such cases,…

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