Guarantor

[boona]

Hello everyone, I just need to vent. My sister has tried to trick my mum to be a guarantor for her. She said she needed to borrow a "little bit of money" to get straight. My mum said she would think about it. She didn't realise my sister had put her down for a loan of £9000.00 until a text msg came though from the company advising she has been accepted. I checked the website and you need to be under 80yrs before the end of the loan. My mum is already 82!! How could they accept her without first checking her age?

[Zacs-Master]

No idea. Maybe if you give us the name of the company we can take a look at their T’s & C’s

[Mamyalynne]

Is it possible your Sister has not been truthful with them?

[Zacs-Master]

There are hundreds of variables. We’re only hearing one side of the story. Facts are what we need.

[Buenchico]

If you're sisister isn't beyond a little trickery, might it not be the case that she falsified your mother's age when making the application?

[boona]

I think that is exactly what my sister has done! Surely the company would check though

[Buenchico]

While credit reference agencies have access to the full electoral roll (which is otherwise only available to the police and security services, etc) to check on people's addresses, there's no database available to them to check on their ages.

[Zacs-Master]

Why don’t you ask them?

[THECORBYLOON]

Do both the person taking out the loan and the guarantor need to be under eighty?

[THECORBYLOON]

If I were doing that, I would have got another 'phone number so that any text message for the guarantor went to me instead.

[boona]

Not sure about the person taking out the loan but the guarantor has to be aged between 25yrs and 80yrs at the end of the loan agreement. My mum is 82 so will be 87 at the end of the term. I have sent them an email. They are closed until Monday so will need to wait.

[Mamyalynne]

I think you have done right to contact them, hope it gets sorted - Mum doesn't need this worry.

Family and Guarantors are a huge source of heartache for many.

[zebo]

Some lenders are less than thorough, a friend discovered during her divorce that her husband had borrowed £20k in her name, using her house from before the marriage as security!

[Prudie]

Surely a guarantor has to sign an agreement but you've implied she is only thinking about it?

[Buenchico]

^^^ The suggestion would seem to be, Prudie, that Boona's sister has forged his mother's signature (or otherwise fraudulently got her involved, e.g. by some form of online authorisation).

[Prudie]

Ah got ya, pretty shameful behavior

[ToraToraTora]

as soon as you can tell the company that it is a fraudulent application and they'll cancel it

[ladybirder]

Be good if boona could come back and let us know what the company said when they got his message last Monday. I hate it when we don't know the result.