Are you the guarantor of a loan? These are your rights to information.


As the guarantor of a loan you may find yourself liable for a debt vis-à-vis a credit institution due to a possible default by the principal obligor. For this reason, the institution should provide you with detailed information on your obligations and the liabilities you have taken on, before the related agreement is signed.

  • First, you should be aware that you are subject to the provisions of the agreement entered into with the institution, since any aspect of the information which you are entitled to as a guarantor, will be included in the agreement or any clauses attached to it.
  • If the borrower defaults on the loan, the credit institution (the lender), must inform you of the situation and ask you to pay the corresponding amounts.
  • Being the guarantor of a loan means you are a customer of the lending institution and, consequently, if the institution does not provide you with the above-mentioned information, you will be entitled to submit a claim, as a financial service user.

Lastly, you should know that the information on the risk of a guarantee, as with loans and credit, must be reported by financial institutions to the Banco de España. You will find this information in the Banco de España’s Central Credit Register (CCR).

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