Rent guarantor
Credit scores & reportsA 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
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