Finance Company Chasing Payment

[meatboy]

14 hours ago, cyberfarang said:

Nothing to do with having experience. Being a guarantor means being responsible for payments if the debtor defaults on the payments. It`s not rocket science understanding that one.

 

Two things in life to avoid. Don`t lend money and don`t be a guarantor, it`s a mugs game.

 

 

the last sentence TAKE NOTE 1,000,000% RIGHT.

[varun]

14 hours ago, cyberfarang said:

Nothing to do with having experience. Being a guarantor means being responsible for payments if the debtor defaults on the payments. It`s not rocket science understanding that one.

 

Two things in life to avoid. Don`t lend money and don`t be a guarantor, it`s a mugs game.

 

 

Damn straight.

[TheRascal]

16 hours ago, cyberfarang said:

Nothing to do with having experience. Being a guarantor means being responsible for payments if the debtor defaults on the payments. It`s not rocket science understanding that one.

 

Two things in life to avoid. Don`t lend money and don`t be a guarantor, it`s a mugs game.

 

 

I disagree on the first point and strongly agree on the second. I understand what being a guarantor is, I didn't ask for a definition. The reason I ask if anyone has experience is to try to get an idea of what the finance companies can/can't do and to see if anyone has any knowledge of the law - which it seems some people do so asking for experience was relevant. 

On the second point I agree - my old man always told me to only loan money if you didn't expect to get it back again.