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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 9096 days ago)
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