Payday loans - Guarantor

peter1502

Hi,


I wife went as a guarantor for her brother with Amigo Loans. At first the default payments would have been £50 per month which I accepted. However without me knowing she has increased the loan several times and now the default amount is £165 per month. He is now no longer working and Amigo have now contacted me about paying this. They also say that he is in arrears of over £1000 and are looking for me to pay this and want me to complete an expenditure form.


I have advised them that I have intention of filling out any form and I will reluctantly only pay the monthly charge that I now seem to be liable for.


Does anyone have any advice or am I screwed until he gets another job.


thanks

datlex

Unless you are financially linked to either your wife or her brother, I can't see how you are liable. Do not pay the monthly charge unless you are liable. Where you may have issues is ownership of property e.g. television that could be used.