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Old 26th May 2004 | 19:35
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scroggs
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Joined: Dec 1997
: ATPL
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From: Suffolk UK
If you have guarantors with sufficient collateral, then the sky's the limit. However, almost always the guarantors are parents, and the collateral is their house. If you fail to pay back your loan in the specified period, your parents lose their home. Think very carefully about that. I know I could never have put my parents' home at risk - and I would certainly not have been able to pay back the loan!

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