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Thad E Ginathom · 12th March 2009, 16:32

I won't do it.

I nearly lost a girlfriend once by refusing, and I've turned down close family.

One of the big problems with being a guarantor is that you may not be contacted until the borrower has been in default for so long that interest payment, fees, etc, may have built up to considerably more than the initial loan amount --- or, at least, this is the case back in my mother country.

12th March 2009, 16:32	#2 (permalink)
Thad E Ginathom Senior - BHPian Join Date: Jun 2007 Location: Chennai Posts: 1,861	I won't do it. I nearly lost a girlfriend once by refusing, and I've turned down close family. One of the big problems with being a guarantor is that you may not be contacted until the borrower has been in default for so long that interest payment, fees, etc, may have built up to considerably more than the initial loan amount --- or, at least, this is the case back in my mother country.