Wollit
Best Credit Access Platform 2025
LoginGet Started
Home>Glossary>Rent guarantor

Rent guarantor

Credit scores & reports
A person who agrees to pay rent if a tenant cannot.

Overview

Guarantors are often required for renters with limited credit history.

They take on responsibility if payments are missed.

Why it matters

  • It can help secure a rental agreement.
  • It creates financial responsibility for the guarantor.
  • Missed rent can affect both parties.

FAQs

Does being a guarantor affect my credit score?

It can if rent is missed and the guarantor must pay.

Can a guarantor be removed?

Only if the landlord agrees or the tenancy is renewed without one.

Related terms

Take control of your credit health

Get the complete credit toolkit — all features included.

Start building credit

Instant setup. No credit check. Cancel anytime.