Guarantor Risks in Malaysia: Why Saying “Yes” Could Ruin Your Finances
In Malaysia, it’s common to be asked to “tolong jadi penjamin” (be a guarantor) when a friend, colleague, or family member applies for a loan. Many Malaysians say yes out of obligation, thinking it’s just a formality. But here’s the truth: being a guarantor is as serious as taking the loan yourself — and it […]