How to exit a cc gracefully...

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  • Martinco
    Gold Member

    • Oct 2008
    • 927

    #16
    Originally posted by BusFact
    On the subject of those sureties on the two properties, what is the wording?

    Are they limited to the loans on those two properties or have you signed a standard unlimited surety? If the latter I am concerned that you may still be standing surety for any future loans the company takes out even after you have left.
    I would suggest you contact the bank or whoever holds the sureties and make 100% sure of this.
    It can come back to you in years to come and then it is too late !
    Martin Coetzee
    Supplier of Stainless Steel Band and Buckle and various fastening systems. Steel, Plastic, Galvanized, PET and Poly woven.
    We solve your fastening problems.
    www.straptite.com

    You may never know what results will come from your actions, but if you do nothing, there will be no results... Rudy Malan 05/03/2011

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