Help please! need a quick answer

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flow13

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Post by flow13 » Mon Jul 26, 2010 11:44 am
I am at work and could do with a quick answer from someone.

A colleague of mine has asked if I will witness a document. She has asked before and then it never came to light. But I know this document is an application for a loan.

I feel totally uncomfortable doing this, and don't want to do this, but as she is my friend too I don't want to let her down in anyway.

Please say there is something about not being able to do this if you are in an IVA. x
Its now time to start living and to make some some wonderful memories!
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Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Mon Jul 26, 2010 11:51 am
Hi Flow
Does the loan document indicate you are are to become a gaurantor in the event of non payment from your friend?
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
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Lincoln_Guy

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Post by Lincoln_Guy » Mon Jul 26, 2010 12:11 pm
If all you're being asked to do it witness her signature I really wouldn't worry too much - I have been asked several times by members of my team at work to witness loan/mortgage applications, and all you are doing is witnessing that it was them who signed the form in front of you. However if it is just a signature that needs witnessing and you still feel uncomfortable about it then explain this to her, I'm sure she'll find someone else willing, if I recall last time I did one I'm sure I didn't even need to have known the person for a set length of time, just sign and date to agree I'd watched them sign it!

Do read it carefully though, just to make sure that you're not agreeing to be a guarantor!
Last edited by Lincoln_Guy on Mon Jul 26, 2010 12:14 pm, edited 1 time in total.
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flow13

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Post by flow13 » Mon Jul 26, 2010 12:14 pm
Thanks. Just feel uncomfortble doing it x
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
 
 

Adam Davies

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Post by Adam Davies » Mon Jul 26, 2010 12:14 pm
Hi
If it is just to witness a signature then no problem.
Regards
Andam Davies
 
 

flow13

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Post by flow13 » Wed Jul 28, 2010 9:05 am
Still a bit worried about this even though everyone I have spoken to said it will be ok.

In the box I was asked to sign it just 'witness signature, witness name and witness name and witness address'. For the name I just put 1st initial and surname, and for address I just put the first line of address.

I will be ok won't I?
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
 
 

Adam Davies

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Post by Adam Davies » Wed Jul 28, 2010 9:15 am
Hi
You will be ok, don't worry
Regards
Andam Davies
 
 

flow13

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Post by flow13 » Wed Jul 28, 2010 9:40 am
Thanks Andy. My hubby is always telling me not to worry too.

Although I am worried about the girl who is having the loan.
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
 
 

Shining

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Post by Shining » Wed Jul 28, 2010 10:00 am
I like others think to witness that the signature is that of your friends is fine.

A few weeks back someone asked me to do a passport application for them, I did it but all the time I was thinking oh I hope this don't go wrong, I kept asking if her grandson had his passport yet and when he did I was relieved. I really don't see logically how me being a teacher and having an IVA would affect his passport application but things do tend to worry me. I did do them for lots of friends but this is the first one while I've been in an IVA x
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kallis3

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Post by kallis3 » Wed Jul 28, 2010 3:12 pm
No problem witnessing a signature. You are just saying that it is that person.

We do passports and wills for friends and neighbours.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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