Mis sold loan as a guarantor ??

jonesMUFCforever

I would get a builder round to the daughter and take the windows out. She can have them back when she has paid for them.

InsideInsurance

What did she think being a guarantor for the loan was? That she was just providing a character reference? The clue really is in the name

Complain as you've nothing to lose but in reality it almost certainly going to be a case of having to chalk it up to experience and learn to read what you are signing.

NobodysChild

DJP wrote: »

Thanks for all replies , even the sarcastic ones.

This post. :rotfl:

Hope it works out DJP, whatever happens.

NobodysChild

InsideInsurance wrote: »

What did she think being a guarantor for the loan was? That she was just providing a character reference? The clue really is in the name

Complain as you've nothing to lose but in reality it almost certainly going to be a case of having to chalk it up to experience and learn to read what you are signing.

As I said earlier, I genuinely believe that people don't realise the ramifications of being a guarantor. And that they do think it's just like giving a reference.

DJP_2

Once again thanks for the sarcastic replies , there are some people in life who have never had a loan / credit card or the likes , so when faced with a pushy salesman in the house are easily lead by something completely alien to them.
Yes i know too well myself that reading things first is an absolute must but cut a bit of slack for those who are completely unaware of debt / borrowing etc etc ....

NobodysChild

Yes it can happen. ^^^ I am sorry for what happened to your MIL. Not sure she can get out of it though. Sorry.

safestored4

Come off it. Most of the comments you take exception to are simply saying that it is most unwise to be party to a guarantor loan. It is your sister in law who you should be taking to task for the predicament your mother in law is in.

DJP_2

Come off it ..... ???
Another one who seems to forget there are people who have never had the need to understand finance / loans / etc because they have had their ship in order all of their lives , and then come across this kind of thing .
Maybe because she has never had the need to join a money saving website puts her above you !

sinizterguy

DJP wrote: »

Maybe because she has never had the need to join a money saving website puts her above you !

Definitely above all of us when she has minions to join and post on here for her.

MikeMouse

Is there a reason why her daughter has a brand new set of windows - I am guessing they cost a substantial four figure sum - and is not paying for them?

Perhaps she knew from the start and was happy to have a guarantor so that she would not have to pay for them?

Did she know the deal at the time even if the MIL didn't? Perhaps she could have explained it to the MIL at the time in a manner she would understand? She must have clocked that her MIL didn't understand it ....... or else she did clock it and was happy to go ahead anyway .....

Did the daughter deceive the MIL more than the salesman?