Personal Payment Guarantee Application

PERSONAL PAYMENT GUARANTEE APPLICATION

1. Parties and Purpose

Creditor Name:   Account/Reference No.:

Guarantor (Applicant) Full Legal Name:

2. Guarantor Contact and Identification

3. Principal Debtor Information

4. Obligation and Guarantee Terms

Description of Obligation to be Guaranteed:

Effective Date of Guarantee:   Termination Date (if limited):

Nature of Guarantee:

 Unconditional and continuing guarantee (guarantor agrees this guarantee is absolute, primary and not conditional upon pursuit of remedies against debtor or other guarantors).
 Joint and several liability with debtor and other guarantors where applicable.
 Limited guarantee (liability limited as set forth in Maximum Aggregate Liability above).

5. Representations, Warranties and Waivers

The Guarantor represents and warrants that the information provided in this application is true, complete and accurate. The Guarantor acknowledges and agrees that:

1. This Guarantee is a primary obligation and may be enforced against the Guarantor without first exhausting any rights against the Debtor or any collateral;
2. The Guarantor waives notice of acceptance of this Guarantee, notice of default, presentment, demand, protest and all other notices to which the Guarantor might otherwise be entitled;
3. The Guarantor waives any right of subrogation and agrees not to seek contribution from the Debtor until the Creditor has been paid in full;
4. The Guarantor will immediately notify the Creditor in writing of any material change in financial condition or address.

6. Authorization and Consent

The Guarantor authorizes the Creditor and its agents to obtain credit reports and to verify employment, income, banking relationships and other credit or financial information as necessary to evaluate this application. The Guarantor certifies that they have the right to provide the information and execute this Guarantee.

 I consent to the Creditor obtaining credit and background information for the purpose of evaluating and enforcing this Guarantee.

7. Financial Information (Provide current, accurate figures)

8. References

9. Acknowledgment

By signing below the Guarantor acknowledges that this application, if accepted by the Creditor, will constitute a binding guarantee. The Guarantor understands that the Creditor may rely on the representations contained herein and that any material misstatement or omission may result in denial of the guarantee or acceleration of liability. The Guarantor agrees to pay all costs of collection, including reasonable attorneys' fees, if enforcement becomes necessary.

The Guarantor certifies under penalty of perjury that the information provided in this application is true and correct to the best of their knowledge.

10. Supporting Documentation

Please attach proof of identity, recent pay stubs or tax returns and any other documents requested by the Creditor. The Creditor may request additional documentation to verify the Guarantor's financial condition.

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