Before I start this is not about me.
If someone takes out a loan with one of them payday lenders and it is guaranteed by someone else what happens if the person that took out the loan stops paying?
I know that they would go after the guarantor as that is the whole point but what happens to the person that takes out the loan, do they just get away without paying?
I know that it would screw their credit etc but yeah what happens?
Again not about me just a convo I was having earlier.