Repayment News
Debt counselling: Sanjay Agarwal
My son took an education loan two and a half years ago. I stood as guarantor for it. Its moratorium period ended last month and my son has started servicing it. If he defaults, will my credit history be impacted ?
Standing guarantor is an act of responsibility and risky, as you cannot predict someone else's repayment behaviour. Mostly, people request close friends and relatives to stand as guarantor,
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