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What is the worst thing that can happen to me if I co-sign a debt as surety?

April 26, 2017co-sign debt surety thing worst

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What is the worst thing that can happen to me if I co-sign a debt as surety?

1 Answer

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10 Posted

Your worst-case scenario as surety is you can be jailed and prosecuted for fraud. This may happen when the principal debtor flees from the country or is nowhere to be found whilst a pending criminal or otherwise legal issues pertaining to the debt in question exists.