• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Barclays personal guarantee

  • Filter
  • Time
  • Show
Clear All
new posts

  • Barclays personal guarantee

    Hi there,

    I was offered a business overdraft by Barclays in 2017 I took it out to help grow our business.

    The company lost major customer late last year, We told Barclays we would not be able to trade and not able to pay overdraft back thinking it was a debt of the company Barclays informed me that a personal guarantee on the overdraft however I have never signed anything to this affect Barclays then informed me it was buried in terms and conditions on the overdraft terms, called a short personal gurantee. It's not classed as a proper guarantee according to Barclays. I'm really confused.

    The overdraft is for 20,000 and we intend to pay back 1,000 a month minimum (more like 2,000) with a 4,000 down payment from end of this month.

    I'm worried for my house will they try and do anything.
    As it's mortgage free.

    The funds are coming from another company I own. We intend to clear by end of this year if not before.

    I'm worried as I've not been in debt for years and feel cheated by Barclays but understand it needs repaying.
    Last edited by Jaw45; 17th February 2018, 15:42:PM.
    Tags: None

  • #2

    I notice that the post was uploaded 17th February 18.

    What is the position today ?


    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.

    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.