In 2001 I took out a 12K business loan at Barclays. I currently owe 4K.
I signed a personal guarantee at the time, but I have lost it.
Although I have ordered a copy, I have a few questions which are probably quite general.
2) Does PG normally expire?
I imagine the answers will be 1). Everything, 2). No, 3). Yes
But what do I know!
In article , snipped-for-privacy@privacy.net writes
Everything
No, not on its own
It is part of the Barclays Group so, yes!
Looks that way!
I only speak from experience and IANAL
That depends on what the guarantee said.
Probably everything, but it could well have been specific to the loan.
Only when the activity that was being guaranteed is concluded satisfactorily.
I think they are a separate company (in which case no), but I'm not sure of that.
In message , Alex Heney writes
Not usually the case for clearing bank guarantees. Guarantees are held indefinitely and will remain in place and valid until the guarantor is specifically released.
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