A Guarantor is as much responsible as borrower for loan repayment

The Economic Times, pg 13, Nov 4, 2011 A Guarantor is as much responsible as borrower for loan repayment, by Harshala Chandorkar A friend in need is a friend in deed' goes the age-old saying. Many of us believe this notion when a friend asks for help. But in today's day and age, what one doesn't realise is that these ideas have to be taken with a grain of salt, especially when it comes to financial transactions. http://economictimes.indiatimes.com/personal-finance/loan-centre/home-loans/analysis/guarantor-is-as-much-responsible-as-borrower-for-loan-repayment/articleshow/10599308.cms