We use guarantor’s debit cards as a form of ID check, to protect them against Fraud.
After the loan is paid out, we will use your debit card to take a payment from you if you ever missed a payment or wanted to make an early payment. If you miss a payment we may ask the guarantor to pay. We would use the guarantor’s debit card to take the payment and keep the account up-to-date. Therefore, it is really important that you and the guarantor keeps their card details updated.