My wife was contacted by her ex husband asking her to go guarantee on a loan for a truck for 2 million baht over 4 years. Now he works for a government service but has outside business for which vehicle is for. He says he can't get any one else to do it and house would have to be used as security. How would you react to a situation like this?

2 minutes ago, wtfracing said:

How would you react to a situation like this?

Just say NO !!!!

NO

Try to be polite, but absolutely say no.  Way too high a risk.

 

If his business goes under then you lose your house.  That's not a gamble I think anyone should take.  It's risky even for your own business.

My reaction would be no way as I paid to have the house built. 

Never mind other peoples reaction what is your wife's reaction. ????

No freakin way.  Also, my understanding is that the husband (you) would also have to sign.....which would make sense.

If a Bank wont lend him the money, why should your wife

be guarantee, the risk is just too high. just keep an eye on

her in case he talks her into doing it....

regards worgeordie

Hopefully this was just ‘contact out of the blue’ rather than the Wife and her Ex remaining in close contact. 

 

Hopefully the Wife already knew how to handle this with a very firm ‘absolutely not’...  and simply informed her husband that she’d received the call - in which case there is no need to react.

 

IF the wife was considering helping her ex there are other issues to deal with.

 

 

Run Forrest Run   555

And if his business is doing well, she might consider, taking him back....

The payback 2 millionBt. for 4years =41,666Bt per month. Before interest.

Just send him a link to that Hall & Oats tune. "I can't go for that"

I can't go for that, no, no can do
No, I can't go for that, no, no can do
I can't go for that, no, no can do

I can't go for that
Can't go for that
Can't go for that
Can't go for that

Just now, RafPinto said:

And if his business is doing well, she might consider, taking him back....

And his business fails he will take her and <deleted>....down with it !

39 minutes ago, wtfracing said:

and house would have to be used as security.

You don't say what house? Is this one you are living in by chance?

I`d check to ensure it`s not a "done deal" already !

I'd be concerned why her ex husband might think she would even consider it.

I would not worry as your wife should have already said no and send him off.

 

 

If the bank / loan company thinks he is not good for it, then I'd be inclined to agree with them.

 

So, not no but "heck no!"  Seriously what possible good can come of your wife guaranteeing the loan?   If this were your home country and your home-country wife approached you with this idea for a home-country ex-husband, what would your answer be?

 

And, sorry to say it, but what is her current residual relationship with the ex-husband, and more pointedly why does he think that whatever it is warrants her still being entangled enough to even consider doing such a thing?

20 minutes ago, ChrisP24 said:

If the bank / loan company thinks he is not good for it, then I'd be inclined to agree with them.

 

So, not no but "heck no!"  Seriously what possible good can come of your wife guaranteeing the loan?   If this were your home country and your home-country wife approached you with this idea for a home-country ex-husband, what would your answer be?

 

And, sorry to say it, but what is her current residual relationship with the ex-husband, and more pointedly why does he think that whatever it is warrants her still being entangled enough to even consider doing such a thing?

Because now he thinks that his ex wife is reach.

Farang build her a house and it's probably without any mortgage.

She could guarantee his loan and probably makes some advances.

Your wife is the answer here, what does she say, because ultimately its her house ! her reaction and how she wants to proceed will also tell you exactly how she feels about you and your relationship.

 

Hopefully she will ask you and what you think, in which case the answer would be (should) Not a chance in hell ! ????

 

 

How long has he been an "ex-husband"? 

1 hour ago, richard_smith237 said:

Hopefully this was just ‘contact out of the blue’ rather than the Wife and her Ex remaining in close contact. 

 

Hopefully the Wife already knew how to handle this with a very firm ‘absolutely not’...  and simply informed her husband that she’d received the call - in which case there is no need to react.

 

IF the wife was considering helping her ex there are other issues to deal with.

 

 

I totally agree with u..this sounds suspect.I would never ever accept this.

First of all..why she still close to her exhusband????

My wife never ever contact her ex..she blocked him everywhere and changed her number.

 

1 minute ago, stigar said:

I totally agree with u..this sounds suspect.I would never ever accept this.

First of all..why she still close to her exhusband????

My wife never ever contact her ex..she blocked him everywhere and changed her number.

 

Maybe he is just her uncle or brother. Don't worry.

Soon she will tell you: Falang tinking to mut.

He's her ex - husband,   meaning any business relationship or sexual relations are finished, over, kaput.

That means no signing any documents,  and definitely not being guarantee for a loan.   

He's nothing to do with her except see kids if any, that's it.  imo

Too much "moral hazard." Especially if you are perceived as being financially well off, a default will be rationalized as really only impacting you, not really your wife, and your options for recourse against the brother-in-law were the vehicle to be repossessed would be rather limited. Also, brother-in-law's ability to service the loan is likely dependent on his side business being successful, so you would not only be incurring credit risk, but business risk as well.

 

2 minutes ago, Gecko123 said:

Too much "moral hazard." Especially if you are perceived as being financially well off, a default will be rationalized as really only impacting you, not really your wife, and your options for recourse against the brother-in-law were the vehicle to be repossessed, would be rather limited. Also, brother-in-law's ability to service the loan is probably dependent on his side business being successful, so you would not only be incurring credit risk, but business risk as well.

And why would he pay back his loan.

Someone else guaranteed the loan. 

1 hour ago, wtfracing said:

My wife was contacted by her ex husband

Very Interesting as most ex husbands don't have anything to do with their former wives, that is unless.......

 

1 hour ago, wtfracing said:

and house would have to be used as security.

Who paid for the house, if you did and she is telling you the ex wants her to go guarantor, then you have some serious issues at hand.

 

1 hour ago, wtfracing said:

How would you react to a situation like this?

Do I really need to answer this, ok, firstly, my wife wouldn't have any contact with her ex, meaning when it's over, it's over, and the fact that she is telling you about this raises alarm bells to me.

 

I hope you have only invested as much as your prepared to lose.

 

In case you haven't picked up on my drift, it's a HUGE not a Fkn chance in hell.

 

Question: Does she still have a relationship with him, you know, they are still on good terms because for the kids and all that ?

6 minutes ago, Gecko123 said:

Too much "moral hazard." Especially if you are perceived as being financially well off, a default will be rationalized as really only impacting you, not really your wife, and your options for recourse against the brother-in-law were the vehicle to be repossessed would be rather limited. Also, brother-in-law's ability to service the loan is likely dependent on his side business being successful, so you would not only be incurring credit risk, but business risk as well.

 

I thought it was the ex husband, not the brother-in-law ?

1 minute ago, 4MyEgo said:

I thought it was the ex husband, not the brother-in-law ?

Same but different.

 

One day, they are called brother, the other day uncle, nephew, cousin.

9 minutes ago, 4MyEgo said:

I thought it was the ex husband, not the brother-in-law ?

I missed that. Thanks.

 

Obvious troll thread.

 

 

Troll post.

 

But to answer. Once I stopped laughing I would tell her it was a commendable effort but that she'd have to come up with a less ridiculous scenario if she expects me to fall for such a wind up.