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Guarantor for someone who has stopped paying!

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  • PaulW922
    PaulW922 Posts: 1,039 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Given this is Amigo who have questions to answer in various places about affordability checks etc, it might be possible to  offer them a settlement if you can afford to do so. It is very unfair that you should pay someone else's debt but unfortunately that is the nature of loan guarantees. 
    You do of course have a claim against your "friend" but as others have said, fi you cannot find him and he has no money.....
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