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    Often through life a friend or indeed a family member will approach you or you will feel the inclination to guarantee a loan for someone close. Unless this person is a family member you trust implicitly, I’m going to recommend that you think extremely carefully on this one and here’s why. What would you think if a friend or relative asks you to guarantee a loan? Your first reaction will most often be an inclination to help them by agreeing to guarantee the loan but I recommend that you ensure that you understand what it involves thoroughly.

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    a loan for someone close. Unless this person is a family member you trust implicitly, I’m going to recommend that you think extremely carefully on this one and here’s why. What would you think if a friend or relative asks you to guarantee a loan? Your first reaction will most often be an inclination to help them by agreeing to guarantee the loan but I recommend that you ensure that you understand what it involves thoroughly.

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    think extremely carefully on this one and here’s why. What would you think if a friend or relative asks you to guarantee a loan? Your first reaction will most often be an inclination to help them by agreeing to guarantee the loan but I recommend that you ensure that you understand what it involves thoroughly.

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    tee a loan? Your first reaction will most often be an inclination to help them by agreeing to guarantee the loan but I recommend that you ensure that you understand what it involves thoroughly.

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    recommend that you ensure that you understand what it involves thoroughly.

    It is imperative to come to grips with the fact that you are being asked to guarantee a loan. You are trusting someone else to make payments every time throughout the schedule on time. If the borrower does not pay the debt, you will be forced to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility. If you don’t pay the debt you will have a default against your name even though it was someone elses loan initially.

    It’s possible you may have to pay up to th

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