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can i pull out

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chaliejo | 15:50 Tue 07th Oct 2008 | Law
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can i pull ot of being a guarator after a year of being one?
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Avatar Image voltr4m4x
No, not if the debt remains unpaid, you can't
15:57 Tue 07th Oct 2008
Avatar Image Ethel
Not unless the contract says you can.

Usually you are expected to be guarantor for the length of the contract.
15:57 Tue 07th Oct 2008
Avatar Image KRUSTYMAN
Surely if it was a simple case of 'pulling out' of being a guarantor after 'x' amount of time it would render the whole system useless. You guarantee the payment of the whole debt or cost - never agree to being a guarantor if you don't think you trust the person you are standing guarantee for or you think that there is a risk that their situation might change and you will end up footing the bill!
21:51 Tue 07th Oct 2008

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