Posted by | Category Useful Information | Date 22 December 2014

What happens if you cannot repay your guarantor loan?

If you cannot repay your loan, the idea is that the repayment will be collected from the guarantor's account. But before the guarantor is out of pocket, the lender will usually get in touch with the borrower to discuss repayment and give you the chance to repay first. We appreciate that one's circumstances can change and due to an emergency or being paid late from work, you may not be

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