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Should you be a loan guarantor?

Becoming the guarantor of a loan may seem like a simple gesture for helping someone close to get credit. However, in reality, it creates a binding financial responsibility for a long period. As lenders treat loan guarantors almost at par with borrowers, they hold loan guarantors for repayment defaults. Thus, understanding the implications of becoming…

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Diamonds and rust – The Hindu

There is a palpable tension in the air. “I am worried. Had we even anticipated that heavy tariffs would be imposed overnight, we would have diversified. But what do I do now? I have thousands of karigars (skilled artisans) dependent on me. They have been working with me for decades. They have families to take…

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