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unfortunately the answer is Yes. The lender would likely seek that the guarantor pay any missing payments. A Guarantor loan is a legal agreement whereby a loan is approved between a bank or lending agency and a borrower on the assumption that a third party will cover the loan if the borrower defaults.
The would also have to be aware that a guarantor may have to pay all of a loan repayment if the person defaults. The loan may also be tied to the security of a property of the guarantor so there can be risks.
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