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Barefoot Investor Scott Pape explains why parents shouldn't be a loan guarantor for their children


A bestselling finance author is urging parents to be wary of acting as a guarantor for their adult children when they buy a home.
Scott Pape, better known as the Barefoot Investor, said family relations would be strained if a parent was held financially responsible for a loan their son or daughter couldn t pay off.
It can cause a rift in the family, he said in a News Corp column.
I know you think that ll never happen, but what if your princess s prince turns into a frog and leaps off with half your deposit? Ribbit!
A bestselling finance author is urging parents to be wary of acting as a guarantor for their adult children when they buy a home. Scott Pape, better known as the Barefoot Investor, said family relations would be strained if a parent was held financially responsible for a loan their son or daughter couldn t pay ....

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Scott Pape's Money Movement to Teach Aussie Kids Finance

Scott Pape's Money Movement to Teach Aussie Kids Finance
2hd.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 2hd.com.au Daily Mail and Mail on Sunday newspapers.

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