Have you had a bad experience being a guarantor?

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First of all I would like to define what a guarantor is. Some lending companies or individuals would require a guarantor when they lend money to someone. To make sure that debt is paid in full on time, a guarantor is required just in case the borrower runs away or is not able to pay on time. And so I once committed in becoming the guarantor of my co-worker who borrowed money from one of the managers in our office. Apparently this borrower got terminated. I had no choice but to pay the remaining amount. Mind you, what was left was not just a small amount. I was so upset and irritated that time because of what he did, not even bothered to pay his loan despite him leaving the company. I didn't tell my husband about it because he will surely get mad at me. Well, he almost did know( yikes!). Meanwhile, I learned my lesson. I will never become a guarantor again in the future. So guys I hope you learned a lesson from me.