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Question and answer
Q: Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults?
A: A Guarantor is the person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.
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Original conversation
User: Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults?

Weegy: A Guarantor is the person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.



User: What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts?

User: If you receive a bill in December, and you pay it in January, where do you include it in your Personal Cash Flow Statement?

Weegy: It depends if you have expenses that comes on quarterly, semi-annually, or annually basis. Usually the bill in paid in January should be based on December for the monthly basis. You have to break those down into a monthly approximation. [ Click on the "Good" button for more. ]
Loula|Points 1133|

User: Where on your Personal Cash Flow Statement would you record money received when your rich uncle dies?

User: What is the timeframe for contacting a lender to contest an error on a billing statement?

Weegy: You have sixty days to dispute an error on a billing statement. It is better served to do it in writing. Never send them your original document, always send copies. Also, send it via certified mail so that you get confirmation of receipt.
inspirations|Points 725|

User: What is a good reason to create a Personal Cash Flow Statement?

User: What is the timeframe for removing negative credit information, with the exception of bankruptcies, from a credit report?

Weegy: The timeframe for removing negative credit information from a credit report is D. after 7 years. Bankruptcies are one exception; they can be reported for 10 years.
ramkitten|Points 7315|

User: Which of the following can be a reason for a lender to deny credit?

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Asked 4/9/2012 1:13:16 PM
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