22/09/2023
Be aware ‼️⚖️
PRACTICAL TIPS SERIES: 001
UNLESS YOU HAVE THE MEANS TO PAY, NEVER SIGN UP AS A CO-MAKER
Signing as a co-maker in a debt means that the creditor (the one who lent the money) may proceed against you in case the one who actually contracted the money and received the same fails or refuses to pay his/her debt. The fact that you received nothing from the transaction does not excuse you in any way. You may still be held liable, especially if the case makes it to court. So if you are not ready for the financial risk that comes with debt, you should never agree to be a co-maker for anyone.
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Maliban na lamang kung may pambayad ka, huwag kang papayag o lalagda bilang co-maker ng utang.
Ang paglagda ng iyong pangalan bilang co-maker ng utang ay nangangahulugan na maaari kang singilin ng nagpautang kung ayaw o hindi kayang magbayad ng mismong taong humiram ng pera. Hindi katwiran na wala kang natanggap mula sa nasabing utang upang mapawalang-sala ka sa pagkakautang. Maaari ka pa ring mapanagot, lalo na kung umabot ito sa korte. Kaya kung hindi ka handa sa pinansyal na pasanin na kalakip ng pag-utang, huwag kang lumagda bilang co-maker para kahit kanino.
