A friend of mine once got into a bit of a pickle financially. He couldn’t get any credit. No bank or credit card company would lend him a flipping penny. This was bad because he really needed to buy a car; you see he lived out in the countryside and there weren’t any buses. He couldn’t take his daughter to school (taxis are expensive you know), and so he really needed to get some money to buy a car. And then he discovered guarantor loans.
The thing is he needed someone to be the guarantor for this less common loan type. This, as you have probably guessed, requires someone to guarantee the loan; someone with a good credit rating – and indeed someone who wants to risk their financial reputation for the debtor.

So guess what. I decided to be the guarantor for my friend. It meant that my house would be at risk my friend failed to keep up repayments. But he was a good friend, so I decided to do it.

He got 10 thousand for his new car.

Turns out he took the money, bought a ticket to Rio and is now shacked up with Miss Brazil 1991.

I now live in a tent in the woods and eat squirrels. Ciao.