Bad experience with Personal Loan. Could anyone share their personal loan experience?

I had a bad experience with a personal loan. Although I didn’t take the loan at first. Actually my friend needed a personal loan. The bank wanted a guarantor for personal loan. He asked me for help. I was hesitant but I agreed to help him. Now, it has been several months, he isn’t paying loan EMI. My credit score has kept on decreasing and I don’t have any idea what to do now? I have asked a lot of people and they say ab kuchh nhi hoga. If someone has solution, it will be very helpful!
 
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