A guarantor of a debt plays the role of providing security for a debt or other financial obligations. The guarantor agrees to be responsible for the debt if the original debtor fails to make payments. In some cases, the guarantor may be required to make payments directly to the creditor or to indemnify the creditor in the event of a default by the original debtor. Guarantors may also be held liable for any costs associated with the collection of the debt. Additionally, in some cases, the guarantor may be held liable for the full amount of the debt if the primary debtor fails to make payments.

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