"KZN pilot held in Dubai on debt claim" ...This was the headline of a local newspaper recently. 1 In summary the pilot signed surety for his son's debt and found himself in a jail cell as a result.
All too often people needing to raise finance are presented with a suretyship document to sign. A suretyship is an agreement to take on the responsibility of another's debt or obligation.
DO YOU REALLY WANT TO PAY SOMEONE ELSE'S DEBT?
Continue reading AVOID PAYING SOMEONE ELSE'S DEBT.
