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Made me signed as a guarantor and he defaulted the loan.


28-Mar-2023 (In Recovery Law)

Hello, I had applied for a loan thru jaithra financials, agency owner misguided me and advice me to signed as a gurantor for a person i dont knw under false promises and commitments. Due to need of money i went ahead. I nvr got a loan. And the person has paid nt even a single emi since then. And obviously, me and other gurantor are paying it back to the lwnding bnk. Other gurantor is ok to pay bt i want to tk legal action. Need step by step guidance

Answers (1)

Answer #1
675 votes
only way to sort out is please consult lawyer personally. it seems that you were knowing about contents of the documents while signing them. It appears that loan was fraudulently taken with intention to defraud you and to some extent borrower have been successful in this. therefore better to follow proper legal advice.

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