Calling Bank Guarantees

Description

This Skill Bit shows that a “guarantee call” lets a guarantor (who vouched for a borrower’s loan) get released early. This can involve negotiation, payment, offering collateral, or even legal action. But beware, it can impact the borrower’s ability to get future loans. Consult legal and financial advisors before attempting this.

Duration approx. 3 Min.

Tier: proficiency