A little request from members in the lending business,A son of a...

  1. 7,397 Posts.
    A little request from members in the lending business,

    A son of a deceased friend came to me the other day and asked me to help him buy a car,

    When this came up with my kids I was always able to arrange a cheap bank loan using me as a guarantor,
    but I am not real comfortable to do this for him,

    Is he best just to arrange a higher interest loan from a car yard ,or do you think the bank will give him a personal loan at a cheaper rate,

    He does have a regular job in the country and income but no assets
 
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