Personal Guarantees On Loans Are Unenforcable!!

[PERSONAL GUARANTEE SUCKS!]

hi Mods and ALL members First time posting!
feel free to move if im posting in the wrong place.
Does anybody here have a template letter for the unfair terms Act (not consumer one) and or the Misrepresentation Act.
I have read (although i cant think where) that personal guarantees are UNENFORCABLE IF you can prove under the Misrepresenation Act that you was misrepresented by the bank. AND/OR you believe the term or loan to be Unfair because of ........

[leclerc]

Re: Personal Guarantees On Loans Are Unenforcable!!

Bank Guarantees

The above link might help with regards to some of the legalities with regards to personal guarantees

[PERSONAL GUARANTEE SUCKS!]

Re: Personal Guarantees On Loans Are Unenforcable!!

Link no good its a pay site!

[leclerc]

Re: Personal Guarantees On Loans Are Unenforcable!!

Link no good its a pay site!

What? The text of what is there is what I was talking about NOT using that site or any tools within that site. Are you saying you cannot read the text and the case law?

[PERSONAL GUARANTEE SUCKS!]

Re: Personal Guarantees On Loans Are Unenforcable!!

What? The text of what is there is what I was talking about NOT using that site or any tools within that site. Are you saying you cannot read the text and the case law?

its ok im a woman having a blond moment! ha ha
Ill try again, but it was so so slow. thanks

[leclerc]

Re: Personal Guarantees On Loans Are Unenforcable!!

its ok im a woman having a blond moment! ha ha
Ill try again, but it was so so slow. thanks

dopey mare

I have to say that I had to double check the link in case it was a pay site.

[stevokenevo]

Re: Personal Guarantees On Loans Are Unenforcable!!

There are lots of precedents and case law regarding Personal Guarantees, and you should not take it for granted you have a case.

My Dad had bother with a guarantee recently, we fought it doggedly for 3 years. In the end faced with litigation we had to employ a lawyer, it cost us around £3k in legal fees and have resulted in the case being dropped before court. But this was due to exceptional circumstances which i wont go into at this point.

You might have to go down the same route because these things are usually bullet proof