Detailed description:
1. Guarantor is a common way of credit loan. The borrower can find a person with good reputation who meets the requirements of the credit union as a guarantor, increasing the probability of loan approval.
2. The role of the guarantor is to provide additional repayment guarantee for the borrower. If the borrower fails to repay the loan on time, the credit cooperative can recover from the guarantor.
3. A guarantor usually requires a certain economic strength and a good credit record to ensure that he can fulfill his guarantee responsibility.
If the borrower is overdue for two months in the loan, he can find a guarantor who meets the requirements of the credit union to apply for the loan.
However, even if the borrower finds a guarantor, whether the loan can be successful depends on the specific circumstances, including the credit status of the guarantor, the loan amount, the loan purpose and other factors.
Summary:
After two months in loans overdue, the borrower can choose to find a guarantor to apply for a loan. The role of the guarantor is to provide additional repayment guarantee for the borrower and increase the probability of loan approval. But whether the loan can be successful in the end depends on the comprehensive judgment of various factors.
Extended data:
Guarantors usually meet the following conditions:
1. It has a stable source of economic income and can undertake the guarantee responsibility;
2. Good credit record, no record of non-performing loans or overdue records;
3. No criminal record;
4. 18 years old or above, meeting the legal age requirements;
5. Have a legal identity certificate and a valid residence certificate;
6. There is a trust relationship between the guarantor and the borrower, usually the relationship between relatives or friends.
Please note that the information provided above is for reference only, and the loan application ultimately needs to be judged according to the specific requirements and policies of the credit cooperatives. It is suggested that the borrower consult the relevant requirements of the credit union before choosing the guarantor to ensure the smooth progress of the loan application.
The above is the answer to loans overdue's question. A credit cooperative can find a guarantor for two months.