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Response to Does my guarantor have to pay

from Too scared to say (iwasduped@yahoo.com)
Tim is right, your father as guarantor has no choice but pay and will be pursued to the fullest extent of the Law. Why did he arrange a mortgage for you when you did not earn enough to get credit for a tin of beans? The Lender (and a court) may view this as irresponsible and will force your father to honour his agreement. Would he be trying to force you into taking responsibility for your share perhaps? Either way you are both liable and as Tim says, you should try and sort your differences out and face the problem as it will haunt you both for years to come.
(posted 8441 days ago)

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