Press/Media


Press Release - November 2011

Dealing effectively with Personal Guarantees can be a major reliever of stress

Personal Guarantees report that one of the major responses they receive from people they help with personal guarantee (PG) issues is one of overwhelming relief. The anxiety and worry caused by a personal guarantee potentially being called in is one of the major concerns that guarantors face. They are often not sure what could be involved, could they lose the family house or worse. Dealing with a professional PG company who will explain the reality of the situation, and how often a much better result can be obtained, is time and again highlighted by guarantors as a major personal benefit.

One guarantor said “My solicitor had told me that I had no choice but to sell everything and settle the guarantee immediately. Once I had talked to a specialist in the field, I realised that actually that wasn’t best route forward, and by letting them negotiate with the PG holder we were able to get a hugely reduced payment, and extended payment terms. The relief I felt was absolutely immense and I can’t tell you enough how grateful I and my family are.”

Mel Loades, (Director of Personal Guarantee), said, “This is a very common response we get. People with personal guarantees hanging over them often don’t know where to turn, and sometimes make it worse by having a half-hearted attempt at negotiating themselves. If we get in early enough we can reassure them and often get a much, much better financial result for them.”

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Personal Guarantees is the number 1 provider of services relating to minimising your exposure when you are faced with personal guarantee issues.

Notes to editors

Personal Guarantees is run by Mel Loades, one of the country’s foremost experts on personal guarantees (PG) who has many years’ experience in advising and dealing with personal guarantee issues.

In the last 3 years they have managed over £30m of personal guarantees, of which £3m has been settled for £800k, providing an average settlement reduction of over 70%.

For more information, please contact Phil Taylor on 01895 622601