Why does my guarantor need to have a debit card?

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We use guarantor’s debit cards as a form of ID check, to protect them against Fraud.

After the loan is paid out, if the borrower misses 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 the guarantor keeps their card details updated.