Have you ever been asked to be a guarantor for someone else’s loan? Often it is a partner or relative who asks, but nowadays it can also be friends or work colleagues. Usually it is difficult to refuse and you would be surprised at just how many of us often agree to be one without thinking of the long term consequences. Farah Razali of Zul Rafique & Partners shares some advice on the risks and consequences that comes with being a guarantor.

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Produced by: Sim Wie Boon

Presented by: Sim Wie Boon

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Categories:  Business Analysis,  Trends and Forecasts,  Markets,  Environment,  Science,  Politics,  Social Issues,  History,  People & Places,  Personal Finance,  Investments,  Financial Literacy,  law & legal matters,  Auto,  Young Finance,  Personal Development,  Entrpreneurship

Tags:  Guarantor,  Loans,  Risks,  Financial planning,  Borrowers,