Questions tagged [guarantor]

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Does my filing out a guarantor application to help my daughter get an apartment impact my credit rating?

I am electing to help my daughter secure an apartment by acting as the guarantor. When I fill out and submit, does this impact my credit rating like when I apply for credit?
Erlina Edwards's user avatar
1 vote
0 answers

Who is actually receiving the loan?

Before signing for a guarantor loan for the first time, in reading the contract I'm confused by this wording Your payment schedule will be: Number of Payments; 24 Amount of Payments; $ 177.13 When ...
Starlene 's user avatar
2 votes
1 answer

Can an individual agree to guarantee the investment of another individual in a legally enforceable way?

Suppose individual A want to make an investment in a non-liquid investment vehicle, but they would like to limit their downside if the venture turns out poorly. Suppose another individual B would like ...
merlin2011's user avatar
12 votes
5 answers

guarantor's responsibility if lease is completed, but tenants refuse to leave

We signed a lease guaranteeing the rent for our son. He was expected to pay when he got on his feet, but has made no payments. We have paid all monthly payments and there are 2 months left on the ...
mjohnson's user avatar
  • 121
2 votes
4 answers

value of guaranteeing a business loan

I am a co-founder in a small business that has a number of investors. We are looking at doing an expansion that includes an capital raise and a SBA loan. The loan is roughly 5 times larger than the ...
funkyeah's user avatar
3 votes
1 answer

Effect of having a guarentor on one's credit

As I understand it, paying rent on an apartment in the US can positively affect your credit score. But when someone has a guarantor with their lease, is their credit touched at all, or is their paying ...
Robz's user avatar
  • 131
0 votes
2 answers

Are guarantor loans reliable or shady business?

One of the hard things about living in the UK and being an immigrant is paying rent 6 months upfront (of course, unless you have a guarantor... which is usually parents who are not in the UK). My ...
Gediminas's user avatar
  • 103
2 votes
1 answer

How does an eviction affect a guarantor's credit score?

If I am the guarantor for someone (say a child, or a younger sibling), and that person got evicted, under what conditions (if any) does this show up on my credit score/report?
Teofrostus's user avatar
4 votes
1 answer

Will being a guarantor impact my ability to rent an apartment for myself?

I am considering being a guarantor for my brother (for his apartment in NYC) because he doesn't make enough money. I'm also considering moving in the next 6 months or so. If I am the guarantor for ...
Jer's user avatar
  • 2,974