Originally posted by The Tech Clerk
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And I'll add that this forum does not encourage people in debt to take out further credit which can be all too easy when there are some lenders who don't take affordability issues seriously.
I'm currently interested in the negative effect had on consumers who got involved in guarantor loans such as Amigo. Obviously the borrower couldn't afford the loan or they wouldn't have needed a guarantor in the first place.
I'm speaking with one person at the moment who separated from her partner, he then guaranteed a loan for his new friend, she (friend) couldn't afford to repay the loan, so he (guarantor and ex-partner) got a CCJ and then a Charging Order on the home jointly owned with his ex-partner who knew nothing about her ex-partner guaranteeing a loan for a friend after they had both split up.
It's a complicated situation, but not unknown.
If anyone has been through a similar experience you would be welcome to contact me by email using di@joannaconnollysolicitors.co.uk or start a thread on this forum or send me a PM

Di
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