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Asked to be a friend’s loan guarantor? Know these financial risks before you agree to help, and when to avoid saying yes

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Summary

A loan guarantor may be responsible for a borrower’s debt, interest and penalties after default. Before signing, one should consider certain risks and know when to decline the arrangement.

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    Asked to be a friend’s loan guarantor? Know these financial risks before you agree to help, and when to avoid saying yes

    A loan guarantor may be responsible for a borrower’s debt, interest and penalties after default. Before signing, one should consider certain risks and know when to decline the arrangement.

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