Begging to be guarantor
One more example: Igor Danilenko got 80 000 RUR in cash under 19% yearly interest rate with the obligation to pay off the credit on the monthly basis during the following two years. The debtor refused to meet his obligations after just one month, explaining that he hardly would be able to do so in the near future.
One of the guarantors described the situation as follows:
Danilenko came to me one day (we had studied together) and begged me to be his guarantor. He said it’s just a mere formality and I didn’t have to worry about anything. I realized that the credit was not a huge sum and agreed. I’m paying my own credit off right now, so there is no way I can help my former classmate. Besides, I have a child and have to provide for the family.
Still the court has another opinion…