Risks of becoming a loan guarantor and what to do in case of loan repayment default

Loan defaults are bad news for people who have stood as guarantors to loans taken by friends and relatives. Most people know that a guarantor is liable to pay if the borrower defaults on the loan repayment. There are other risks that the guarantor is exposed to.

from Wealth-Economic Times https://ift.tt/30eblmW
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