| Guarantors |
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| Last Updated on Friday, 13 January 2012 15:40 |
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● Overview
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OverviewA guarantor is a client who becomes responsible for another client's debt to your organization, in case that client defaults. This is an optional practice which you can adopt to ensure the clients' loan responsabilities. You can only associate guarantors to individual clients.
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Set guarantorsWhen you choose a client to be the guarantor of another client, both their profiles will be linked so that you can always keep track of the clients who have guarantors and who they are. To link a client's profile to the guarantor, open client's profile > click on Set Guarantor > enter the guarantor's name > click on Set Guarantor.
You can then see if a specific client has a guarantor from that client's overview, as well as accessing the guarantor's profile, just by clicking on the link with the guarantor's name.
Guarantees Every client who is a guarantor of another will have a list of guarantees in their profile so that you can always estimate the risk level before assigning them another guarantee. There you'll see the amounts each of the guarantees has in their loan and savings accounts as well as their loan accounts status.
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