Hi All. Hopefully this won't be too long winded!
I have a start up business and as well as my life savings I also had a bank credit line worth 25k put into the business. The first year of business did not go well and I'm now slowly turning the corner.
In July the bank withdrew my BCL without any notice. I never received letters even though they said they were sent. As guarantor to the loan they are now chasing me personally for payment. I had engaged with the bank the whole time and sent...
Guarantor on business loan
I have a start up business and as well as my life savings I also had a bank credit line worth 25k put into the business. The first year of business did not go well and I'm now slowly turning the corner.
In July the bank withdrew my BCL without any notice. I never received letters even though they said they were sent. As guarantor to the loan they are now chasing me personally for payment. I had engaged with the bank the whole time and sent...
Guarantor on business loan