The role of being a guarantor has it that if the person you stand in for fails to pay the loan, you would pay it for him or her. Can you be a guarantor for your brother to take a loan?
Can you be a guarantor to your brother to secure a loan?
- Thread starter Niyi Briggs
- Start date
I love my brother but I would hesitate to be the guarantor if my brother takes a loan because I am afraid there are situations beyond our control. If he really cannot repay the loan, I do not think I am capable to repay it for him.
I can understand you. If my siblings cannot have the ability to do this, then it is better not to indulge in.
I can't agree to be his guarantor. He is not responsible with his finances, so I can't take that risk.
I have not tried with my siblings. But I will do it because I know that they can pay it. For now, it will be a reserved idea for them to ask this favor.
I wouldn't guarantee my brother. Not as of he can't pay back but he drags his foot when it comes to repayment of debts.
It would really take so much for me to guarantee anyone for a loan. What if uncertainties happen and you are stuck with having to repay a loan because you are the guarantor.
- Thread starter
- #19
It is always good that we know the personalities of people before sticking out our necks for them in financial matters.
