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Guarantor lending ‘as damaging’ as payday loans, warns charity – BBC News

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  • #1

    Guarantor lending ‘as damaging’ as payday loans, warns charity – BBC News

    So-called guarantor loans have the potential to be “just as damaging” for borrowers as payday loans, Citizens Advice is warning. The loans involve friends and relatives being asked to pay off the debt, if the original borrower fails to do so. But many such guarantors are unaware they are signing up for large debts, said... Read more »
    Read More -> Guarantor lending ‘as damaging’ as payday loans, warns charity – BBC News


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  • #2
    Re: Guarantor lending ‘as damaging’ as payday loans, warns charity – BBC News

    Unless the Guarantor can afford to pay the loan themselves it would be a bit foolish to be one DCAs will go after the easiest target if the lender defaults

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    • #3
      Re: Guarantor lending ‘as damaging’ as payday loans, warns charity – BBC News

      This is the report https://www.citizensadvice.org.uk/Gl...blemShared.pdf
      #staysafestayhome

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      Received a Court Claim? Read >>>>> First Steps

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