The Importance of Guarantor Validation Checks

Peradventure you’re wondering what guarantor validation checks are; or perhaps you’re wondering what use guarantor validation checks have in the overall scheme of things; then you should continue reading.

Since the advent of having trusted and reliable people vouch for the credibility of others – be it in business deals, social life, work-life or everyday general living – there has been a renewed call for background checks on these supposedly high standing and credible individuals who want to stand as guarantors for other people. On paper and via various communication channels, anyone could misrepresent themselves and give an impression of trustworthiness. However, it is a solemn duty to put this trustworthiness to a simple follow-up confirmation test.

When it comes to employment/hiring of staff/workers, most organizations require their potential staff to provide verifiable names of persons who are willing and able to stand as guarantors for them. These guarantors usually cut across various fields of human endeavor with the threads of reliability, credibility, integrity and verifiability connecting and holding them.

No potential staff would want a guarantor that is not reliable, credible, or cannot be verified. Similarly, no organization would love to have these types standing for their staff.

After these guarantors have been provided by the employees and have filled forms so provided by the organization via the employees; a follow-up verification of these guarantors is of utmost importance. Some of the reasons for this follow-up verification include:

  • Some guarantors are hassled into signing the forms provided by the employees.

    Individuals could be cajoled into standing as guarantors because of a certain debt they owe or as a form of payment to the employee. Hence, some guarantors sign these forms without the benefit of their free will to choose not to. Therefore, only a physical guarantor validation can help ascertain that a guarantor was deliberate about his action.

  • Some guarantors do not even know what they are getting into when they sign these forms.

    Some people confuse a guarantor for a referee! While a referee cannot be held to account for any unlawful act by an employee in his/her absence, a guarantor could be held to account for the employee if the said employee commits an unlawful act and goes into hiding. Therefore, some sign these forms thinking they are just referees.

  • Several guarantors have been impersonated.

    Some employees go-ahead to fill the guarantor forms themselves; put in any name and phone number, and submit. Under such circumstances, only a physical guarantor validation can unearth the truth.

  • Some guarantors choose to stand as guarantors as a knee-jerk reaction or a spur-of-the-moment kind of decision.

    Often times, individuals regret their actions to stand as a guarantor after the act and wish to repudiate what they did. Over the years, we have had several cases of individuals who chose to opt-out of being a guarantor.

Recently, we ran physical guarantor validation for a client and our discoveries were as follows:
60% of guarantors declined to remain guarantors; 15% claimed the signature on the employee guarantor form was not theirs; only a meager 25% came back correctly. Therefore, it is advisable to run physical guarantor validation to establish that these guarantors are who they claim to be and have them accountable/responsible if an employee defaults in your organization/company.

When it comes to guarantor validation checks, Klinsheet Consulting is your go-to firm. We specialize in such checks because we stand on the twin feet of Reliability and Efficiency. Klinsheet is the name on the hearts and minds of various companies that have tested and now trust our work in background check/verification and guarantor validation checks.

Our network and reach within the industry are next to none. This is because we cover the length and breadth of the country with consummate ease. We are your reliable partner that guarantees a swift, timely and accurate validation of guarantors. We are just a call away. Try us today and have your expectations promptly met.

To run a background check on your staff, call Dipo on +2347037195924 or send an email to verify@klinsheet.com
Dipo Umoru

The Klinsheet Team

+2347037195924

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