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HMFC1874

RBS Business Overdraft Personal Guarantee

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Hi

 

Just discovered the forum and having browsed, I am hopeful there are posters who can provide a definitive answer/response

to this query

 

My limited company ceased trading in November 2010. My wife and myself personally guaranteed the 25K business overdraft

provided by RBS to the company initially in 2003. We personally signed this guarantee in 2003, 2004, 2005 and perhaps 2006 after our annual review in January of each of these years. However, we have not met with RBS re this overdraft and have not been asked to sign a new agreement for 5 years!

 

Is the personal guarantee still valid and/or enforceable?

 

Many thanks in advance.

 

Bob

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Hi HM

 

Welcome to CAG

The guys will advise as soon as they are available.

 

Thread moved.


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Hi

Welcome to The Consumer Action Group.

 

 

I am just letting you know that as you haven't had any replies to your post yet, it might be better if you post your message again in an appropriate sub-forum. You will get lots of help there.

 

Also take some time to read around the forum and get used to the layout. It is a big forum and takes a lot of getting used to.

 

 

Once you start to find your way, you will soon realise that it is fairly easy to get round and to get the help you need.

 

It can be bit confusing at first.


Please be advised that my time will be limited for the next few weeks.Thanks for your understanding.

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