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TOPIC: co-maker stuff

co-maker stuff 6 years 8 months ago #537

  • aque
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sir, i have this problem,, nagco-maker po aqo sa ka co-teacher ko,, and she to me,, i availed 40k and she availed 80k, tapus po, 2 yrs to pay po ang loan ko, and fortunately, na paid-up ko na ito bago pa mg 1 yr. ang problema po, ung ka co-teacher ko, she got sick and cant work anymore and decided to take an early retirement, and may sabi2 din po, na aqo lang ang tinuturo ng asawa nya na nagloan para sa misis nya and kumuha ng pera which is so nakakainis inis coz hindi po syempre pwede mgloan s banko ng hindi personal,,,hindi po ba? my concern now is, aqo po ba ang magbabayad ng utang nya??? makukulong po ba ako?? stress n po tlga aqo., hindi n po aqo nkkpagturo ng maayos dhil dito.. help me pls. reply man po kau ng asap. thank you.
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co-maker stuff 6 years 8 months ago #548

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I am sad to inform you that being a co-maker, you are principally liable for the loan. This means the creditor can charge you the whole amount subject to your reimbursement from your co-maker if you paid the creditor.
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