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Asked to be a guarantor

26 replies

TheMotherofBears · 31/05/2018 21:15

I've been asked to be a rent guarantor by a family member who is self employed. They are living with another relative who is in steady employment but has been told they can't act as guarantor for the other tenant. I want to help but don't have money to spare if it all goes wrong. What should I consider and what questions should I ask before saying yes?

OP posts:
Berthatydfil · 01/06/2018 06:43

Can you afford to gift them this money? Because that is what will happen if they dont pay.

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