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Asked to be a friend’s loan guarantor? Know these financial risks before you agree to help, and when to avoid saying yes

Asked to be a friend’s loan guarantor? Know these financial risks before you agree to help, and when to avoid saying yes

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A loan guarantor may be responsible for a borrower’s debt, interest and penalties after default. Before signing, one should consider certain risks and know when to decline the arrangement.

✦ Single Source 1 news outlet reporting

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Reported by a single newsroom so far. Other outlets have not independently corroborated this story yet.

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Based on 1 reporting publisher
Left / Center-Left 0 (0%)
Center 0 (0%)
Center-Right / Right 1 (100%)

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