(1) A guarantor may at any time secure his or her discharge by paying the amount due from the consumer to the seller or owner.
(2) Where a guarantor has made a payment pursuant to subsection (1), he or she shall be entitled to sue the consumer for any breach of the consumer's obligation under the agreement.
(3) The guarantor is entitled in the event of any claim being made against him or her by the owner or seller on the guarantee to avail himself or herself of any set-off or counterclaim which the consumer may possess against the seller or owner.
(4) The guarantor is entitled to be indemnified by the consumer against any claim made by the seller or owner on the guarantee.
(5) The guarantor is entitled to compel the consumer to pay the installments in respect of the agreement as and when they fall due and for this purpose the guarantor may apply to the Court for an order to that effect.