Hi just wanted to ask, this friend of mine already graduated from a polytechnic. During which, he took up the local poly laptop loan of abt 2k. He has already graduated and is serving full time ns. Guarantor is his dad. Unfortunately his dad passed away on 2013. qn is how come the bank is not chasing after the money? What happens then if the Guarantor pass away?
guarantor is guarantor
not the debtor
They chase Borrower first. only when borrower don't pay, they chase guarantor.
chase after your friend first
if your friend run away then chase after guarantor lor