A guarantor is someone who agrees to pay a loan or routine payment (such as rent) on your behalf if you can’t pay. This person is usually a relative or close friend – certainly someone close to the borrower.
Simply being a guarantor won’t affect your credit score. But if the borrower doesn’t pay, it can impact you. Here’s what you need to know.
Want to understand the role of a guarantor? From how much a guarantor needs to earn, to their rights and responsibilities, here are the key facts.
Credit checks for renting let landlords access basic information to help them verify your identity and gauge how you’ll be as a tenant. Learn more.