Guarantor loans

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1


User avatar
Posts: 1
Joined: Sat Dec 15, 2018 5:23 pm

Post by baika » Sat Dec 15, 2018 5:23 pm
Hi ‘ have a question . I have few loans 5k and 5k both loans with guarantor ( my friends ) if I could use IVA it seems like my guarantors still have to pay for my loans , because they accepted to help me they might get in trouble. I would like to use IVA to make monthly payments less then I have now.


User avatar
Forum Expert
Posts: 28775
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Dec 15, 2018 6:04 pm
Guarantor loans will have to be paid by the guarantors if you are unable to make the agreed payments, even if you enter an IVA they will still have to pay.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”