To say to being a guarantor?

I would tell her to go f* herself and her baby! I have been asked to be a guarantor by a now ex friend who i didn't know very well. Needless to say, we are no longer friends. F** you Mia. I have changed the name of the friend. That's not her real name.

I’m just sayin...

I don't think it's strange she's asked a virtual stranger, it's because nobody else will do it for her! And if none of her family or close mates will do it, there's a reason for that...

Doesn't she have a mum or sister. I would lie to her. "No I can't because I am unemployed and awaiting a county court judgement for my debt". How would she know if you are making that up or not.
And BTW that is the response I give to chuggers/ people who try to push credit cards onto me.

My mortgage fat fingers

A friend of more than 15 years (who is shit with money) sort of asked me to be a guarantor for a tenancy for a rental property. She said they wouldn't accept her without a homeowner as a guarantor and I was the only one she knew. I said I couldn't afford to pay more mortgage and her rent if it went wrong so I couldn't.

I think some people think being a guarantor is like providing a reference, you're saying the person is good, reliable, trustworthy etc (though how could you know that if you have known the person for 2 months), a guarantor is saying if they don't pay you will. Can you afford to do that ? Do you want to do that ?

Where are your boundaries that you feel bad for not being a guarantor for a relative stranger?

Agree with pp - you've declined her request. Decline any further future, and don't be swayed by any emotional blackmail. I can't even begin to think how someone has the audacity to ask this 2 months into a "friendship".
Also, could this have been an ulterior motive to start the friendship? Think I'd be stepping back from her.

You'd basically be guaranteeing that she could and would pay back the loan. Could you guarantee that.
As previously alluded to. "No of course not. Therefore when she can't./won't pay. The big boys will come after you. As you would have made a promise that you couldn't keep.
Youd end up having to pay £1,000s all for doing a favor for someone.
As they (whoever they are) say
" No good dees goes unpunished "

I would only be a guarantor for my own children. As a landlord, I am worried about having tenants who need a guarantor because my experience is that it often ends badly

I believe its one of those rare universal agreement on response AIBUs - no, dont do this. You would be insane to agree and its strange she's asked a virtual stranger to do this.

100% no. The only person I would ask to do this would be my mum, I 'd never put it on a friend especially not a new one!. The only people I would be guarantor for would be my children if they needed it in later life. Definitely don't feel bad, she shouldn't even have asked you!

Some CF's plan on not paying the loan, knowing the bank will pursue the guarantor. I might do it for my kids but no one else.

No no no no no! I would not do this for anyone. I find it helps to separate business issues in my head, this is a business issue, it's to do with money, so I have a different, much more hard faced approach to matters that are purely to do with friendship. Helps to never, ever mix the two. People seem to think the two things can intertwine, absolutely not. You want to talk money? I'm in business mode, end of story, you are not dealing with me as a friend at that point. Keep. It. Separate. And again, NO!

Make sure those memories of CPWTIA stay fresh in your memory OP, because if you do this then they'll be turning up at yours soon enough!

YADNBU - it's absurd to guarantee for the overwhelming number of even long-term friends and family. Somebody you've known for 2 months - I can only think there are nothing but difficult reasons that underpin her even asking such a thing. And those are all reasons to refuse rather than to consider the request.

A fairly new friend of my husband asked the same last week. I said absolutely not! I'm angry at him for even putting DH on the spot like that. He needs one because of past bad debts, which shows his reliability with money. Why on earth would someone he barely knows put themselves on the hook for his rent. You have nothing to feel guilty about.

She's asked you to be a guarantor after knowing you only two months? Good grief! I think she's the one who should feel bad,not you.

She needs a guarantor because they dont trust her to pay as she has poor finances on paper. That person should be a close family member. If she falls behind with payments, that means you are liable for all payments. If you don't pay on her behalf, they will take you to court. An old school friend I had not seen for over ten years contacted me on fb to ask if I could be her guarantor. When I said no I can't. She flipped out and went mad! So glad I didn't. My neighbour was one for a friend. He thought it was just for two years on a rental property. It turned out the landlord kept rolling it over. So 4 years later, my neighbour got a letter asking him to settle thousands if unpaid rent. Otherwise he would be taken to court. He had no choice but to pay it off. He didnt see his friend again! So don't feel bad, just say no thanks.

Solid gold diamond encrusted NO lit with neon lights.

It will be interesting to see if she is still your friend.....

No.

One of my friends was talked into being a guarantor on a rental property by someone he didn't know that well. They didn't pay any rent and trashed the property before disappearing.

He ended up paying something like £10,000 to get everything paid off as obviously the landlord came after the easy target.

Since then I have always politely decided, saying I wasn't in a financial position to do so at that time.

Absolutely say no and don’t bite at any attempts make you feel guilty or push you into it.