Companies that help people vanish

Re:Companies that help people vanish by oshea64bit on Monday September 07, 2020 @10:04AM (#24399481)

I've heard of a similar situation as well. It's a common saying here to never become somebody's hoshonin (guarantor), no matter who it is you're helping out.

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Re:Companies that help people vanish by SpelingBeeChamp on Monday September 07, 2020 @02:24PM (#24401387)

Interesting that it's "don't guarantee loans" and not "only guarantee loans if you are comfortable never seeing the money again."

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Re:Companies that help people vanish by HenryBemis on Monday September 07, 2020 @10:14AM (#24399535)

It's common saying everywhere.

If the person needs a guarantor, it means that they cannot afford the loan.

Even if they have the best of intentions, life may happen (people die before their time for many reasons), they can get caught up with the wrong crowd and fall out of (financial) grace, a bad partner can get them to "drop this life and move away" (ignoring obligations), and you can end with a damaging debt.

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Re:Companies that help people vanish by 9nGQluzmnq3M on Monday September 07, 2020 @10:21AM (#24399582)

In Japan you need guarantors even for mundane things like renting an apartment. This is particularly difficult for immigrants if they don't know anybody and their employer won't sponsor them.

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Re:Companies that help people vanish by brentm on Monday September 07, 2020 @10:42AM (#24399729)

That seems excessively prohibitive to personal growth.

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Re:Companies that help people vanish by xenonite on Monday September 07, 2020 @01:00PM (#24400749)

On the other hand it makes lending easier.

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Re:Companies that help people vanish by SpelingBeeChamp on Monday September 07, 2020 @02:22PM (#24401363)

I am not sure "afford" is the right word. If someone needs a guarantor, it means they can't qualify for the loan.

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