Guarantor
If you are unable to get credit under normal circumstances (eg you are too young, or you have a bad credit rating), a lender may be willing to approve a loan or mortgage on the condition that you nominate a Guarantor who becomes liable for the debt if you default.
The Guarantor will need to have a good credit rating, or have sufficient assets to cover the debt, and must of course agree to guarantee your repayments.
A guarantor is usually a close family member such as a parent or sibling, but can be anyone suitable.
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