Results 1 to 2 of 2
  1. #1
    Join Date
    Sep 2016
    Posts
    13,916

    Default When Will a Guarantor be Required to Pay Off a Loan

    When will a guarantor be held liable to pay off the loan taken out by another person?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: When is a Guarantor Required to Pay Off a Loan

    If you are the guarantor of a loan, you are required to pay the debt if the borrower defaults and the lender demands that you pay the balance of the loan as promised. Read this.

    1. Sponsored Links
       

Similar Threads

  1. Cosigners: Liability of a Personal Guarantor of a Business Loan
    By lawfacts in forum Debts and Collections
    Replies: 1
    Last Post: 12-19-2016, 08:24 AM
  2. Debt Collectors: To Whom Do You Owe a Debt After a Surety Guarantor Pays Off Your Loan
    By So Frustrated in forum Debts and Collections
    Replies: 3
    Last Post: 01-13-2016, 07:46 PM
  3. Business Finance: Buyer of Business Not Making Required Payments on Seller-Financed Loan
    By oshc in forum Business Law
    Replies: 1
    Last Post: 05-20-2013, 10:46 PM
  4. Loan Agreements: Guarantor on the Account
    By paucan in forum Debts and Collections
    Replies: 1
    Last Post: 01-25-2012, 12:14 PM
  5. Subleases: Can I Sue a Guarantor
    By easy1985 in forum Landlord-Tenant Law
    Replies: 2
    Last Post: 03-07-2011, 02:17 PM
 
 
Sponsored Links

Legal Help, Information and Resources