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  • #1

    guarantor for loan

    Hi
    My son became a guarantor for a friend who took out a £500 loan. My son though because he was unemployed they would refuse the loan but they gave his mate the loan. Now he has to pay £50 a month as his mate is not paying the loan. Any advice regarding this will be most welcome.


    Kind Regards
    SeeSaw
    My Brains not in sycn leave me alone.
    Tags: action, advice, banks, breached, claim, credit, creditor, debt, debtor, default, default notice, details, fees, financial, fos, guarantor, internet, legal, legal action, liability, loan, loans, lost, mobile, money, niddy, online, paid, pay, payments, phone, questions, rate, refuse, rip off, text, unemployed, water, £50
  • #2
    Re: guarantor for loan

    I fear it could be a case of learning a hard lesson. If he wasn't prepared to pay the loan himself, he should not have signed to be guarantor.

    My only other thought is the words 'friend' and 'mate' are not the first ones which would have sprung to my mind about someone who'd do this to a supposed friend.

    Comment

    • #3
      Re: guarantor for loan

      I agree with what you say, just looking for way around son didn’t sign any docs done on internet.

      Kind Regards
      SeaSaw
      My Brains not in sycn leave me alone.

      Comment

      • #4
        Re: guarantor for loan

        Originally posted by SeeSaw View Post
        I agree with what you say, just looking for way around son didn’t sign any docs done on internet.
        What loan company was it?

        Has your son made any payments?

        Comment

        • #5
          Re: guarantor for loan

          Hi
          the debt is with flm loans. Yes son has been paying as he dosn,t want to get bad credte.

          Kind Regards

          SeaSaw
          My Brains not in sycn leave me alone.

          Comment

          • #6
            Re: guarantor for loan

            They are a specialised guarantor loan provider.

            Can I ask, this mate - what's he say about all this? Maybe start legal action against him and recoup it that way.

            As for flm, I know one of their top dogs (they're all twats). Seems arrogance runs deep.

            I wanna know more about the agreement your son ticked the box with (online) and how much he paid so far.

            Is this so called mate black n blue yet?
            I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

            If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

            Comment

            • #7
              Re: guarantor for loan

              Hi

              Just text sonny yes he ticked box, he's paid 352.00 will be 404.00 tomorrow.

              His mate is called dead man walking, if I see him I will rip off his head and S**T on his shoulders.

              Kind Regards

              SeaSaw
              My Brains not in sycn leave me alone.

              Comment

              • #8
                Re: guarantor for loan

                Originally posted by SeeSaw View Post
                His mate is called dead man walking, if I see him I will rip off his head and S**T on his shoulders.
                So that his so-called 'mate' might thus grow a new head?

                Comment

                • #9
                  Re: guarantor for loan

                  Just been to see sonny he has given me a document from them, In one part it says

                  Under this garantee and indemmnity YOU MAY HAVE TO PAY INSTEAD bla bla bla How evr, if the debtor fails to keep to his side of arreement, the creditor must send him a default notice (copy to you) giving him a chance to put things right before any claim is made on you.

                  Sonny has not had a default notice sent, he called them up and the girl on the line said default notice not sent littel did she know he had recorded the call. what to do now?

                  Kind Regards

                  SeeSaw
                  My Brains not in sycn leave me alone.

                  Comment

                  • #10
                    Re: guarantor for loan

                    Originally posted by SeeSaw View Post
                    Just been to see sonny he has given me a document from them, In one part it says

                    Under this garantee and indemmnity YOU MAY HAVE TO PAY INSTEAD bla bla bla How evr, if the debtor fails to keep to his side of arreement, the creditor must send him a default notice (copy to you) giving him a chance to put things right before any claim is made on you.

                    Sonny has not had a default notice sent, he called them up and the girl on the line said default notice not sent littel did she know he had recorded the call. what to do now?

                    Kind Regards

                    SeeSaw
                    well being it's almost paid up - not much you can do! Yea they've breached regs but unless you fancy suing them, best thing would be to clear your sons liability then deal with the original debtor.
                    I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                    If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                    Comment

                    • #11
                      Re: guarantor for loan

                      Hi Sonny is under the imprestion that the money he is paying is not going off the debt.

                      Kind Regards

                      Sea saw
                      My Brains not in sycn leave me alone.

                      Comment

                      • #12
                        Re: guarantor for loan

                        Ermmm I think you need to send me a copy of his agreement or even pm his mobile and I'll ring him and discuss it?

                        Up to you.
                        I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                        If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                        Comment

                        • #13
                          Re: guarantor for loan

                          Hi Just PM you he's just having tea hehehehe.

                          Kind Regards


                          SeaSaw
                          My Brains not in sycn leave me alone.

                          Comment

                          • #14
                            Re: guarantor for loan

                            Originally posted by SeeSaw View Post
                            Hi Just PM you he's just having tea hehehehe.

                            Kind Regards


                            SeaSaw
                            Hiya

                            Sorry got distracted and now have to go sort another complaint (FOS) so will try and touch base tomorrow. Ideally if you can send me this agreement (his copy) and more details that'd be great i.e. how much is the loan for and how much is he expected to pay and how much is he paying each week/month. Things like that
                            I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                            If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                            Comment

                            • #15
                              Re: guarantor for loan

                              Thanks so much will do.

                              kind Regards

                              SeaSaw
                              My Brains not in sycn leave me alone.

                              Comment

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