Quote:
Originally Posted by triofria
If I inform the police they will probably caution him wont they? Or arrest him? He has never done anything like this before (I talked to all my family and they are shocked) so I dont really know what to do.
Im just going to have to make sure he pays me every month - if he doesn't there isnt much I can do.
Thanks for all the advice, its appreciated.
T.D.
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For goodness sake don't be so silly, this person only has to default for 30 days, and this will automatically bork your credit rating. If that happens expect:
Refusal for new credit.
Review of your credit status with any credit cards you may have, and expect a rise in interest APR.