Dear ld. friends
I was a guarantor for a friends loan... he expired and the loan repayment got stopped. Its almost 2 years.
I have received a letter from the Bank for payment with interest as I was the guarantor.
Please suggest me the best option to settle the matter as my my has expired. 1) I am ready to pay the balance outstanding loan. 2) Am i also liable pay interest?
Please help me with your valuable advice.