Guarantor problem

[kickarse]

I'm a guarantor for a cousin of mine. Recently i receive a letter from the bike company that i have to pay 12k. Outstanding loan is 3k plus interest 9k. Bike already been tow 6 months back to bike shop. The problem is my cousin is in jail. what should i do? And i dont know how 6 months of not paying can add to 9k of interest.

[Metaphor]

Don't worry as long as your cousin is not dead or cant be found by CIA, you are just there if he's dead.

[kuwaiyert]

Well.. 6 mths of storage due to repo is counted daily.. + mthly inst + interest incur + late fee charges +++... Perhaps U may want to check wif the bike shop What is the daily rate for tat storage n perhaps u explain wat is the situation Since u r the guarantor.. From what i know there is always room for neg.. Whether how much or less i dont know..

 

Hopefully someone in the forum can give u enlightenment.. All the best..

 

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