nearlyhappy
Registered User
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Hi everyone,
Some advice if i can before pursuing my options.
Took out a 50k loan with 2 others for a business venture. Personally guaranteed between the 3 of us.
Venture has failed, I'm in the position to pay off my third, the other 2 arent.
How will the bank look on this? is it possible for me to pay off my third and walk away? I'm presuming not because of acruing interest and so on.
Wondering if anyone has had this before...
Thanks
NH
Some advice if i can before pursuing my options.
Took out a 50k loan with 2 others for a business venture. Personally guaranteed between the 3 of us.
Venture has failed, I'm in the position to pay off my third, the other 2 arent.
How will the bank look on this? is it possible for me to pay off my third and walk away? I'm presuming not because of acruing interest and so on.
Wondering if anyone has had this before...
Thanks
NH