We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Guarantee for Loan
I signed a guarantee for a business I owned a few years ago, unfortunately the business went bust and I am making small monthly repayments to the bank under my guarantee. I keep offering them a small lump sum to pay the guarantee off and they have come down from wanting 75% to now wanting 50% of outstanding balance as a minimum full and final settlement.
I only have about 5% does anyone have any suggestions as to how I can get this settled as it's been dragging on now for 5 years nearly.
Thanks
I only have about 5% does anyone have any suggestions as to how I can get this settled as it's been dragging on now for 5 years nearly.
Thanks
0
Comments
-
seems the way to get it solved is pay the 50% they are prepared to settle at
how much is the 50% balance and whats the APR on it?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards