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Can a so called friend write me down as guarantor for an amigo loan even though I have said no?
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No, unless they are planning on some sort of elaborate fraud, posing as you in some way.
I never understand guarantor loans as surely if i was going to guarantee a loan, I may as well take out the loan myself, at least that way, if i am going to have to pay the loan myself, it may as well be at a good interest rate.3 -
Paully28 said:No, unless they are planning on some sort of elaborate fraud, posing as you in some way.
I never understand guarantor loans as surely if i was going to guarantee a loan, I may as well take out the loan myself, at least that way, if i am going to have to pay the loan myself, it may as well be at a good interest rate.
Exactly, thats why posters suggest the 1 being asked to be a guarantor takes out the finance themselves.1
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