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A guarantor is a person who guarantees your identity. This person must have known you for at least 2 years and well enough to confirm the information in your application is true.
Who would be considered a guarantor?
A guarantor is an individual that agrees to pay a borrowers debt if the borrower defaults on their obligation. A guarantor is not a primary party to the agreement but is considered to be an additional comfort for a lender. A guarantor will have a strong credit score and earn sufficient income to meet the obligation.
What is a PPTC 132 form?
Requirements for a Statutory Declaration in Lieu of Guarantor (PPTC 132) To be legally valid, a Statutory Declaration in Lieu of Guarantor for Canadians Applying for a Travel Document must include your: Personal Information: Full legal name, address, date of birth, and place of birth.
What type of person can be a guarantor?
However, you should only be a guarantor for someone you trust and are willing and able to cover the repayments for. To be a guarantor youll need to be over 21 years old, with a good credit history and financial stability. If youre a homeowner, this will add credibility to the application.
How can a guarantor protect themselves?
If you are asked to be a guarantor: Check the terms and conditions. Get independent legal advice, such as from a Community Law Centre. Make sure the lender does an affordability test on you, as well as on the borrower. Avoid using assets worth more than the amount owed as security, such as your home or car.
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You can usually be a guarantor if: You are over 21 years old. You have a good credit history. You have a separate bank account to the borrower.
What is a PPTC 203 form?
Given that your damaged passport is still valid, you need to. submit a declaration concerning a lost, stolen, inaccessible, damaged or found Canadian travel document [PPTC 203] (PDF, 1.33 MB) with the rest of your application. pay the regular fees for a new passport.
What is the PPTC 326 Statutory Declaration form?
Statutory Declaration in Lieu of Guarantor for Non-Canadians (Form PPTC 326) Are you applying for Canadian travel documents as a non-Canadian and do not know or have someone to sign as Guarantor? You will need to notarize Passport Canadas form PPTC 326.
Related links
ADULT GENERAL PASSPORT APPLICATION
The Adult General Passport Application provides essential guidelines and instructions for Canadian citizens aged 16 years and older seeking to obtain a
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