Guarantor loan

roseybart29

I’ve taken out a guarantor loan.
the interest is so high I can’t afford to pay .
my circumstances have changed.
how can I check if I’ve been miss sold?

[Deleted User]

You send your complaint reasons to the lender. 

But change of circumstances won't count amongst them.

You might want to give the heads up to your guarantor.

foxy-stoat

Do you know the interest rate, monthly payment, length of the term before you tricked the guarantor into taking out the loan for you?

Thought so, so you have mis-bought.

You better let the guarantor know and they should arrange for a lower rate loan to clear this one to save them a ton of money.  Nice hustle by the way.

coachman12

Not a pleasant story. I DO assume you have told the guarantor in order for him/her to do as foxy-stoat has recommended already. 

DCFC79

roseybart29 said:

I’ve taken out a guarantor loan.
the interest is so high I can’t afford to pay .
my circumstances have changed.
how can I check if I’ve been miss sold?

Ypu say you have raken out the loan but when did you rake it out ?
Speak to your guarantor, if they are a friend theh should be informed of what you say.