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Cibil score - my relative took a loan
1 year ago
One of my relative took a loan for a commercial property and asked me to be a co applicant in the loan for credibility. I was neither the part of the property nor beneficiary. Because of good faith and relation I did that. Everything was fine for few years but after that he faced a loss and was not paying the emi s. But meanwhile it affected my Cibil score as well and I am unable to get any loan from bank. What can I do?
A.Sir, since you're a guarantor your cibil score can't be affected, but i would still suggest you to make a contact with the bank authorities regarding the same.
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