Usually a guarantor has to be a home owner in full time employment. Also the cooling off waiver has to SIGNED seperately not ticked and it must be in a seperate section.
If your Dad acted as guarantor we would have needed to have signed the agreement and received a copy of it, did this happen?
If he has not signed the agrement he will not be bound.
I rang a finance company there seems to be no rules on who can be a guaranor, he took this on and didn't realise what he was getting into, he is quite dominated by this sister ,i think there should be a law against pensioners going guarantor on their only income (a Pension book) after all he's too old to get finance himself
Hi Merzie
i didnt think guarantor`s could authorise things like this via telephone???
Signed doc`s required i should think.
Oh my God, she will lose so much money on the new car, i bet what she gets for it in 08 wont even cover her settlement on the finance.
Are you sure your Dad signed the second agreement for the higher amount?
I suppose until your parents stand up to her there is very little you can do but im sure its very hard to see this happening.
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