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Can a person with cancer be a loan guarantor?

Simondog
Simondog Posts: 1 Newbie
in Loans
Hi,

My husband has leukaemia and is about to have a stem cell transplant. If it doesn't work, he will die. On top of this awful worry, his daughter has asked him to guarantee a large loan (nearly a hundred thousand pounds). I'm hoping that someone in his position won't be allowed to guarantee a loan, so it will be easier to say no to her.

Does anyone know if he would be allowed to guarantee a loan?
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Comments

  • Gareth19
    Gareth19 Posts: 135 Forumite
    Sorry can't answer on whether he can be a guarantor but just wanted to say it is an absolute disgrace that his daughter should even be thinking of loading something like on the poor man when he has enough to worry about as it is. The daughter should be told exactly what to do with her loan as far as I am concerned! How selfish can someone be?!
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    Your daughter needs to get her priorities right, it might just be me but think asking her dad to do this is bang out of order...
  • snozberry
    snozberry Posts: 1,200 Forumite
    edited 9 August 2012 at 9:34AM
    I can't believe that she has asked him to do this. Does she not realise just how ill he is? He mustn't do it. She is either being unbelievably selfish or underhand - maybe both. Maybe she thinks that the loan would be written off should she default and the worst happens.

    The selfish thing!!!!
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Not on your nelly should your husband be a guarantor for the loan. Whats it for anyway ?
  • mrcow
    mrcow Posts: 15,170 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Just tell her you can't. She's out of order for asking.
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    Unbelievably selfish behavior.
    Thinking critically since 1996....
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    edited 9 August 2012 at 9:58AM
    Tell his daughter to do one. She sounds like a lovely person LOL

    And get your husband to write her out of his will :)
  • charlie3090
    charlie3090 Posts: 583 Forumite
    Tenth Anniversary Mortgage-free Glee!
    what a selfish little madam,i hope you and your husband just say no and focus on whats important right now and it sure as hell aint her and her wants/needs.
    wishing you both all the luck in the world and that the treatment has a positive outcome for your hubby,
    C x.
  • themull1
    themull1 Posts: 4,299 Forumite
    What an awful thing to do! To be a guarantor, you have to be able to pay that much money back if his daughter defaulted on the loan. Does he have that kind of salary? If he doesn't earn a lot, he can't be a guarantor.
  • roh999
    roh999 Posts: 2,264 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Surely this is a joke right?
    Im known as the 'Fixer' if you have a problem,come to me and i can fix it for you.
This discussion has been closed.
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