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Author Topic: How to withdraw guarantee from home loan taken by others  (Read 107 times)

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How to withdraw guarantee from home loan taken by others
« on: August 19, 2017, 06:48:44 AM »
Dear Sir,

I recently checked my CIBIL score and shocked to know that i have been guaranteer for a home loan which i had no clue. When checked with the bank i found it was my previous colleague. Then i recall that i just signed it as witness for house loan but not as guaranteer. Now when i requested my colleague to remove me as guaranteer, they are not agreeing.
Now my cibil score going down because of the late payments which they are making. I am no where relate to them to give guarantee for their loan. I want to get rid of this

When i told my colleague, that i will take legal action, they are not scared off it. They told me to go ahead.

Can u please guide me

 

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