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credit union help
over 10 years ago i was guarantor for my sister for a loan from the credit union. just recently i have received a letter from the credit union stating that the repayments on the loan have stopped and now i am liable for the outstanding amount which is quite substantial. i have also learned that she took out a number of other loans on the strength of the first one and i never was asked to be guarantor for any of these. what i need to know is am i liable for the total amount or just the original amount which i signed for which to my knowledge had been paid off . any help would be greatly appreciated. families eh
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Comments
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I would imagine that you are only liable for the original loan as that would be the one you signed for.
Can't for definate or not though so someone else more knowlegeable may be along to help.0
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