Central Leader - - OPINION -

Don’t act as a loan guar­an­tor if you can avoid it

Don’t do it un­less you’re guar­an­tee­ing your own busi­ness bor­row­ings as a con­di­tion of get­ting credit, or as a trustee of your own fam­ily trust, as a con­di­tion of credit for some­thing like a mort­gage

And never, ever go guar­an­tor on some­one else’s busi­ness, even if you love them. If you do, only pro­vide a limited guar­an­tee for an amount you can af­ford to lose. And that goes for home loans, too.

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