Risks of being a guarantor

We have a lot of lessons za loans but have you thought of being a guarantor , or have you ever been a guarantor share your experience.

But first I thought you should know this before ukuwe guarantor WA mtu . *. You may have to pay back the entire debt if they fail to pay. *. This could stop you getting your own loan. *. It could damage your relationship with your friend. *. You could get a bad credit report. *.check whether you will be able to meet the loàn repayments if the borrower can't.

Before you agree to be a guarantor , think carefully about your own finances. Make sure you understand the loan contract and know the risks. Mtu asikuletee Tu makaratasi you sign na hata hujui amechukua loan ya gapi, unaeza jipata kwa wash wash.

#MeshTalk