“The Difference Between Co‑signatory and Surety (Part 2).”

Mr. Pholoso Seakamela, Radio Pulpit’s legal contributor, returns to the studio with Lukho Mkwedi Phuthi to wrap up “The Difference Between Co‑signatory and Surety (Part 2).” They recap that a co‑signatory is a full party to the agreement and shares equal primary liability with the main debtor, while a surety is a third party who guarantees the debt and is liable only if the debtor defaults. The discussion drills into practical implications: how each role affects credit records, the limits of liability, and what happens when the main debtor fails to pay. Mr. Seakamela warns listeners that both positions carry serious risk and can have long‑lasting financial consequences. He urges anyone asked to co‑sign or stand as surety to read contracts carefully, limit guarantees where possible, and seek legal advice before signing anything. Heart to Heart