whenever i meet his parents they say it is beyond there hand and all
what are the other pptions available as i can not concentrate on my work because of this...
my wife and parents are threatened by recoverers regularly....but i can not do anything about that....
will my parents be in trouble as they have some property on there name which is not inherited to me or will i be in jail or something like that
please guide
If the borrower is missing the co-applicant can be held liable. The financial institute have to exhaust the liabilities of the co-applicant and the first guarantor and then only they can approach the 2nd guarantor i.e., you.
They are actually looking for easy way for recovery by trapping innocent people like you.
You should not be tensed stand up and face them, they will run away.
If you do not have any property on your name, nobody can do anything, they cannot put you in jail.
at the maximum they can approach civil court for recovery suit, in that also you will be put as a third or fourth respondent only.