A signature, not a reference
Training 1765 minutesguarantor risk
Someone asks you to “just confirm reliability.” The document is a guarantee linked to a $3000 debt.
Training goal: Assess the obligation, not how the favor is framed
▶ Play this trainingSituation
1. You have not seen the full agreement.
- Sign because you do not receive the money
- Only assess the person’s character
- Read liability terms before deciding
2. This practice agreement explicitly sets liability up to $3000. Your uncommitted reserve is $1000.
- Treat $3000 solely as the other person’s money
- The maximum exceeds reserves by $2000
- One installment in reserve is enough
3. You are verbally promised release after a month. The document contains no such procedure.
- Verify the actual release process
- Note the promise privately and sign
- Assume friendship allows withdrawal anytime
4. You realize the maximum exposure does not fit your budget.
- Sign to preserve the relationship
- Share account access instead of signing
- Decline the signature and offer other help
What you will learn
- A guarantee may become your payment
- Count the full liability limit
- Check release conditions in the documents
Your real-life step
Before guaranteeing, write down maximum exposure and release conditions.
Questions and answers
Is a guarantor just a witness?
No. The agreement may impose payment obligations.
Is there one universal release process?
No. It depends on the contract and applicable rules. Check your terms.
Does reliability remove the risk?
No. Income loss and other circumstances can prevent repayment.
More trainings in this module
- A friend needs cash until Friday
- One table, different bills
- A month of four gifts
- A weekend beyond your budget
- A friendly project, working hours
- An invitation without fine print
Numbers are illustrative. A game, not financial advice.